Not these guys, they're still an abomination
After years of begging, pleading, flying, driving, compromising and being rejected, the Big 3 automakers are FINALLY getting their money from the government. President Bush sidestepped Congress (because cmon, when have they ever mattered) and approved $17.4 billion in immediate loans for GM and Chrysler. Ford will get nothing and like it, because they said they don't need anything right away.
The $17.4 billion, less than half of what the automakers were asking for before, comes with the condition that the Big 3 have to come up with another concrete plan by March 31, or they get no more bailout money and will have to pay back this loan. I don't remember Citi having to jump through these kind of hoops to get approved for $20 billion back in November. Why is that? Oh yeah, car company workers are all unionized, which means they're lizard people communists. Even though the UAW decided to suspend the dreaded jobs bank program, that pays people money after they retire.
Bush's goal on this bailout is to give the Big 3 enough money so they don't die before he leaves office, at which point it will be the black dude's problem anyway, so who cares.
The $17.4 billion, less than half of what the automakers were asking for before, comes with the condition that the Big 3 have to come up with another concrete plan by March 31, or they get no more bailout money and will have to pay back this loan. I don't remember Citi having to jump through these kind of hoops to get approved for $20 billion back in November. Why is that? Oh yeah, car company workers are all unionized, which means they're lizard people communists. Even though the UAW decided to suspend the dreaded jobs bank program, that pays people money after they retire.
Bush's goal on this bailout is to give the Big 3 enough money so they don't die before he leaves office, at which point it will be the black dude's problem anyway, so who cares.
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