Jump to content
Sign in to follow this  

Big 3 get $25 billion loan

Recommended Posts

Well, on the face of it, this sounds like good news, but I can't help but fear that we are going down the path of corporate socialism that Japan has promoted for the past 50 years. One of the reasons Japan's economy has been in a decade long funk is because of all the cheap money Japan Inc has access to - at the expense of the Japanese taxpayers and bank depositors.

One would hope these loan 'guarantees' will never have to be exercised, but ultimately the American taxpayers are on the hook for all thes corporate 'hand outs.'

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets