posted on Mar, 31 2009 @ 08:07 AM
So I was watching the news last night about the bailouts for the auto industry and it hit me.
Once again both the Canadian and US government has set another deadline for these companies to get there acts together before they can recieve any
money. This has been going on now for months. How many final deadlines are they going to allow before they do something?
He's my take on the whole thing.
They can't allow this deadline to arrive. No matter what happens, the automakers are goning to tank and they know it. If and when they do, this will
be the straw the breaks the camels back. The markets will completely tank. And all hell will break loose. They are just delaying the inevitable in the
hopes that pumping more dollars into the system will keep it a float long enough to, maybe and hopefully, survive these trying times.
It took all but a matter of minutes and the stroke of a pen to give the banks almost a trillion dollars but it's been months for the auto sector and
all they are looking for is a measly couple a billion. (I can't believe I just said that). But it's true.
What's the hold up? Why not save these lesser corrupt instituions quickly? So many peoples jobs and families depend on these businesses.
Sorry for grammer and spelling.