Bail Out Bail Out…
Posted on October 8, 2008
Filed Under Business, Commentary |
I was talking to some friends during a radio taping the other day and the conversation turned to the recent bail out bill of 700 billion dollars plus. I told them that this was just the beginning and the strategy is to lay the groundwork for more bailouts.
The 25 billion dollar bailout of the big three in Detroit was hardly even noticed. They are supposed to make more fuel efficient automobiles with the heavily subsidized loans. I think it is worth mentioning that two U.S. automakers will not touch the money - Honda and Toyota.
To read more check out the story over at Forbes
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