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Truth behind the Automotive bailout?

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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.

posted on Mar, 31 2009 @ 08:41 AM
Look at yesterday.
Bad news about the automakers and the stocks took a beating.
I think there is a connection for sure.
If they let them tank then the stocks might plummet to dangerous levels.
I am not into finances and am not much of a financial whiz to say the least.
They will strategically bail them out at the last minute when they HAVE to.
Til then they are letting it ride.After all its the bankers who have more pull so they get the money first.
This is an uneducated guess on my part.

posted on Mar, 31 2009 @ 08:48 AM
I just posted a similar thought in another thread. I don't get why the banks seem to have unlimited access to "bailout" dollars with no talk of resignation of the people that put us in this mess! Here we have an industry that actually produces something, as opposed to computer predictions passing off as money, and the POTUS is pressuring the CEO to resign. I just don't get this at all.

There is so much more going on here than meets the eye and I am amazed that the MSM can dare to not voice this concern.
My entire way of thinking has been revamped now and it is a sad thing to really see what is going on. All I can say is thank God for the internet and you people here on ats! I would still be sleeping the sleep of the fools and looking for the change promised. Yeah, we are going to get change, but not the kind people are hoping for. Govt calling the shots in private industry.......change we cannot believe in!

[edit on 3/31/2009 by redhead57]

posted on Mar, 31 2009 @ 09:21 AM
Yup, I said almost the same thing on another thread too.
The banks got a free ride, the auto industry has to beg an plead. Something very wrong going on. Why isn't BO demanding the heads of the CEO's of the banks like he did GM? Why isn't he demanding the heads of the unions that put the auto industry in the mess their in? Forcing Chrysler into a partnership with fiat? When has a President ever strong armed two private companies into these measures? If I didn't know any better, I'd swear obama was out to destroy our country, I mean so far he's doing a fine job of it. President Bush left office with a 1.6 trillion dollar debt for his whole term. obama with a hot sixty plus days in office we're now tens of trillions of dollars in debt not counting the six trillion for his budget to be passed.

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