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Politics: No plan, No Money, Congress Tells Automakers
November 21st, 2008No plan, no money, Congress tells automakers. The perception was that Congress was too quick to approve the Wall Street bailout. So, they’re going slower. It didn’t help their case any that the oil exes flew into Washington for the hearings on separate private jets, leading lawmakers to characterize them as being long on arrogance and short on substantive plans to save their own companies. In other words, they just don’t get it, Congress said today, and gave automakers until Dec. 2, 2009, to present it with a plan that both they and you, the American Tax Payer could buy. In the meantime, Ford is burning through $1 billion a month and GM is spending from $1 billion to 2 billion to stay afloat and might be forced to file for bankruptcy if it doesn’t get an infusion of cash soon. Congressional leaders indicated that if they receive a viable plan they will return to Capital Hill in December for a bailout vote.
Where is the bail out for the middle class americans. They were quick to take our homes, take our jobs, now they want us to save the rich folk who mismanaged money. They need to be stripped of their rich lives and live like us for a while. We are accommed to just making it, let them try it for a year or two. Its time out for the rich getting richer and the poor, poorer.
Don’t bail them out……it will only sink the poor deeper.
“THE BIG THREE”.. NEED JUST AS MUCH..” CHANGE”..AS THE CURRENT GOVERNMENT.
Strict regulations need to be put in place to insure that the very companies that are borrowing this money from the government plaintively work with their customers who are experiencing hardships. Far too often, these very companies that are begging for money grossly mistreat those who can not pay them by harassing them on the phone and doing an assortment of other crappy things…
I agree with the QUEENOFUNIVERSE on making those CEO’s experience the life of those that have less than them. For one thing, they should be stripped of those fancy jets and other perks they receive. In addition, they should be required to volunteer in homeless shelters and soup kitchens, then turn around and be required to live in the projects, work at a fast food joint, and/or take food stamps for a year. Then, when they think they have had enough, the government should require them to work in their company’s collections office and publicly apologize via telephone and email to every citizen that is in debt to their company, and offer them some type of assistance to get them out of debt!