I realize that this is now my fourth post on the automaker bailout but I believe there is still a lot of misinformation out there. Yesterday Representative Thaddeus McCotter spoke again and I believe he made some very important points. First of all, the money that would be used for loans to the […]
The Big 3 domestic automakers returned to Congress to present more detailed requests on how they would use government loans. I’ve already blogged about why the Big 3 should get a bailout. Now I’m wondering why it hasn’t happened yet. I realize the Congress is basically on holiday and that a special […]
This post somehow got deleted so here it is again:
On November 19, Thaddeus McCotter, Republican Michigan Representative from Livonia spoke at the Financial Services Committee hearing about a “bailout” for the domestic auto industry, using 25 billion of the $700 billion being given to Wall Street as a bridge loan to the auto industry. […]