Article

2008-12-19 Home Front Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2008-12-19 00:00|| || Front Page|| [2 views ] Top

#1 Bankruptcy isn't necessarily a problem. Inventories have to be reduced and production halts - Chrysler is closing for 30 days - will assist same. I would rather see these companies under competent receivership stewards that under UAW leaching.

Posted by Harcourt Glomogum3991 2008-12-19 16:21|| 2008-12-19 16:21|| Front Page Top

#2 I heard he is going with a straight give-away loan from TARP.

Bush is a fecking IDIOT. I now regret my vote for the pinhead back in 04.

Someone put something shiny in front of him and distract him so he toddles off and goes to screw up something LESS significant.

Excepting his lucking into a win in the GWOT thanks to a good general, and his initial tax cuts, and a few other small items, he has been a gutless moron in his 2 terms.

Not to mention it may be an illegal use of the TARP funds - I hope someone sues and gets an injunction to force GM and Chrysler into Bankruptcy. At that point the Govt can step in and provide DIP financing to see then through the restructuring.

But 17 Bil and NO string attached for either the UAW or the execs?

Gimme a break George you stupid sumbitch, STOP throwing good money after bad!

Posted by OldSpook 2008-12-19 17:00|| 2008-12-19 17:00|| Front Page Top

23:26 Frank G
23:19 Barbara Skolaut
23:16 Jaique Johnson2117
23:08 OldSpook
23:02 Pappy
23:01 Frank G
22:55 Cheaderhead
22:52 Cheaderhead
22:48 Jolutch Mussolini7800
22:48 CrazyFool
22:43 CrazyFool
22:41 Redneck Jim
22:39 Pappy
22:33 AzCat
22:24 Muggsy Glink
22:15 mojo
22:13 mojo
22:13 JosephMendiola
22:11 mojo
22:07 JosephMendiola
22:07 mojo
22:01 Jolutch Mussolini7800
21:59 Unomomble Borgia3031
21:59 Jolutch Mussolini7800