Skip to content

🚗 Your People Are Here. Get In.

The internet is full of car content. This is the community.

Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

Interesting Detroit Free Pres article about Obama and bailout

Featured Replies

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.

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.

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

Latest News

Who's Online (See full list)

  • There are no registered users currently online

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.