Jump to content
Sign in to follow this  
A Horse With No Name

Interesting Detroit Free Pres article about Obama and bailout

Recommended Posts

I think he's correct in saying it's a problem for this Congress and this President. He's resigned as a Senator so he has no power to do anything until his inaugeration. It would seem that much of the media is pessimistic about emergency loans happening before then. I feel pretty confident that GM will file chapter 11 before Christmas and possibly before thanksgiving. Being in bankruptcy would give them additional leverage in dealing with Congress in early December.

Share this post


Link to post
Share on other sites

I think he really wants to help the industry. (What could be more "main street")

So I think GM and Co. will try to hold out until the inauguration.

The only question is; can they?

It's too bad that Congress was basically too lazy to hear Detroit out.

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
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

facebook

×