Re: GM can't even beg properly

Nov 19, 2008 0 Replies



> But in truth, yesterday?s testimony from the Big Three CEOs
> probably didn?t much matter. The $25 billion emergency
> bailout for Detroit was dead on arrival even before the
> hearing. The Republicans can block it ? and Bush would veto
> it.
>

Actually that isn't entirely true. The GOP has said it would be more than happy, if not thrilled to their very core, to let the Big Three have the $25 B that has already been allocated to the B3 for re-engineering, etc. They just get upset about any additional at this time. If the Dems were really serious, they could change the law and let the B3 have THAT $25 B tomorrow. Then when Obama comes in, revisit it for more.

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