Thursday, December 04, 2008

Auto Bailout

Now they're asking for $34 bil. It all feels like play money. Who honestly thinks a bailout is going to work for the auto industry? What evidence is there to support that a bailout will help in the long term? Sure, with 34 bil you can stay afloat a little longer, but aren't we just prolonging the inevitable? At least the argument with the bank bailout was that it was a temporary stop required before a possible collapse of the entire damn.

Apparently, the publishing industry is going down in flames right now as well. Is the government going to step in there?

Frankly, I don't see evidence of the bank bailout working right now, it seems like industry after industry is tumbling.

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