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Can we get something straight between Detroit and the rest of America?
What the auto industry is seeking in Washington is a loan, L-O-A-N, as in something you borrow and then pay back -- with interest.
This is not a gift, a grant or a handout. It's a loan, the kind of thing financial institutions used to do before they all had to scurry to Washington for their own bailouts, which have been far bigger and subjected to considerably less scrutiny than this loan that the auto industry desperately needs to keep operating -- and keep millions of people employed. [emphasis mine]
Polls showed that most American's opposed the $700 billion banker bailout and Congress voted to push it through anyways. It was a Democratic majority that voted "Yea" on the bailout. Americans got pissed and swore vengeance, vowing not to re-elect any Congressman or woman that voted yes on the bailout.
Then the election happened and what does America do? They elected a Democratic majority to both the House and Senate. There was already a Democratic majority, but the election showed a further Democratic majority taking power - clearly indicating that American voters have short attention spans.
Originally posted by ItsTheQuestion
I wonder what the 3 million Americans who earn a living through the American auto industry want?
Originally posted by warrenb
A national poll suggests that six in 10 Americans oppose using taxpayer money to help the ailing major U.S. auto companies.
I wonder if the government will bother listening to what the public wants.