So, at almost the end of his two-term presidency, "W" finally does something really good - he decided to give GM and Chrysler a "bailout." The terms were quite similar to what the House had passed and the Senate Repubs had stopped a little over a week before. It remains infuriating to listen to right wing pundits pontificate on how the U.S. car companies are already bankrupt, why couldn't they have just been allowed to go into Chapter 11?, the foreign car companies are doing great, who needs Detroit and their $70 per hour union workers?? LIE LIE LIE LIE!!!! Of course, it does remain to be seen 1) how much GM and Chrysler can actually do between now and the deal's March 31, 2009 deadline and 2) how Obama is going to change or keep the same the terms and conditions of the deal.
Anyway, the knot in my stomach finally went away, as of 9:30 am, Friday, December 19, 2008. Have to give props to George W., at long last.
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