Quote:
Originally Posted by Tony_SS
The relatively small percentage GM is asking for would only be a loan and not a gift.
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Paulson already has said that there is NO WAY that they're getting any of the 700 billion approved for the financial bailout. The auto companies are asking for a whole different bailout package, just for them, *in addition* to the 25 billion they've already gotten this year. The thing about loans is, for you and me, there's an approval process, you have to prove credit worthiness to be loaned any money.
How's the big three planning on paying you and me back? By staying in business until they run out of OUR money again? No thanks. Die now, without my money.
They haven't said what they are planning to do differently. They wont even acknowledge that THEY are the fault. They blame the consumer, the economy, anyone but themselves for why they are losing billions. Bad ideas, bad deals, and bad cars = bad times for them. Show the US something. ANY great idea that's bound to make money, or a world beater product. Fire SOMEONE at the high level and say "it's HIS fault." But they won't.