Well, I have been anxiously reading and watching news reports about the progress of the GM-Chrysler bailout and all the unfair and stupid requirements being foisted on the companies - IF they get any money at all from this Congress - looks increasingly unlikely.
I read Fair's favorite blogger on the topic: http://www.autoextremist.com/ and now I have decided - in all MY infinite wisdom - that the companies would be better off in Chapter 11 than to take the $14 billion with all of it's restrictions, efforts to break the UAW, a stupid car czar, etc. etc.
I know this will leave a terrible burden on Obama's doorstep, not to mention the pain and suffering of untold thousands of workers and dependents - but I don't think the current efforts are going to result in the "loans" and if they did, it would mean additional concessions to the union-hating Southern Repubs.
The timing of all this had to do with the economic crisis that began a few weeks before the presidential election. Had there been no economic crisis and of the magnitude it quickly attained, maybe Obama would not have been elected. So, the economic crisis was the price to pay for President-Elect Obama and now there will be additional, heavy, heavy collateral damage in the form of GM, especially, bankruptcy. I want GM's dire predictions of millions of jobs lost to be wrong - for the sake of all those people - but if GM is right - IT IS ALL ON THE HEADS OF THE SOUTHERN REPUBS! Is there a lower place in Hell than is reserved for them??? (they're all Bible-thumping believers in Hell, so one hopes their places are reserved).
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