I have been wondering what people out there think about this, including how it affects Our boy Obama....Leave me your comments.
On the issue, Its a cause for concern that rather than create sustainable jobs and livelihoods, some governments have resulted to ‘BAIL OUT’ mismanagement with millions of tax payers’ money????
.....the only reason I am not using all the negative words in my grammatical arsenal is the fact that thousands more people get to keep their jobs in these times when the labour market is as volatile as the financial market....
Considering that it was a ‘catch 22’ situation for this government, either bail out or crash down of the auto industry?????
This new agreement gives General Motors and Chrysler a total of $17.4 billion between now and February. After January 20th, the challenge of “What to do about the Detroit Three?” will be squarely in the lap of the new Obama Administration, which was Bush’s prime motivation in crafting this deal. It’s a classic Cover Your Ass retreat action by Bush, made to unravel completely after the Obama Inauguration because the mandates in the agreement are not really mandates - they’re all still negotiable. It took less than 24 hours for Treasury Secretary Henry Paulson to change his position from refusing the Detroit Three access to Troubled Assets Relief Program (TARP) funds, to his “getting religion” and agree with President Bush that, of course, sure, why not? … The loan money for the Detroit Three should indeed come out of the $700 billion TARP ($350 billion left), created to bailout - not loan to - the financial industry.
I would really love to see how our boy Obama deals with this come Jan. 20....All i can say is...Obama, May the force be with you.
BIG QUESTION IS........... WHAT NEW SURPRISES DOES 2009 HOLD....what do you think people....
Remember Truth is Change and Change is Truth...
Salta loves all
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