I have to say that I'm really not impressed with the way the government is handling this "bailout" of our economy.
I mean, really, giving the bulk of this money to Ford, GM, Chrystler, and Chevy?
Who makes up this stuff??
Let's see. Investment companies are going tits up, so let's funnel any emergency cash we can find into the automobile market, and they should get back on track in no time!
That's like saying that if a boat's got a leak, you plug up the anchor hole, and it should be fine pretty soon.
The only way that sinking boat is going to "right" itself is when it finally hits the bottom of the riverbed, or ocean bed, etc.
So my assumption here is that SOMEONE is on the payroll of major automotive movers, and is worried that his paycheck from them isn't going to look as pretty as it once did, so if he funnels enough cash to them, his paycheck at the end of the month will look better.
Because the rest of it makes absolutely NO sense whatsoever to me.
If you're going to bail out an economy, you need to help the financial institutions, not the producers.
Giving a buttload of cash to lumbermills isn't going to help the steel market, and plunging millions of dollars into mining isn't going to bolster the paper demand, either.
So how is giving a couple billion dollars to Ford, Chrystler, GM, and Chevrolet going to help places like Washington Mutual, or Wachovia, or Fannie Mae, or any other finance company?
And there goes all that money that was supposed to HELP us out, going straight into the pockets of someone who really didn't need it anyway.
God, I really LOVE this country at times, don't you?