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Posted By altnrg 12 months ago in Business & FinanceWell, it happened. Congress decided to make a stand. Over a paltry $14 billion loan . After dishing out nearly $1 trillion to ensure that the financial companies are fine, the Senate balks at a relatively small loan for the auto industry. The Senate requires the auto industry to come with a plan to make themselves more viable, the auto industry does this, and the automakers are denied . Even after pledges of $1 a year salaries and no health benefits for top executives.
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doppich12 months ago
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Just another version of the trickle-down ploy. Helping Wall Street purportedly will help Main Street, and so the Senate gave Wall Street 0.7 trillion dollars. (And the Fed gave them another 2 trillion.) Now, given the opportunity to help Main Street directly with 14 billion dollars, the Senate said "no."
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May Shelby, Corker, McConnell et al give up their American limousines and commute to Capitol Hill on a Chinese scooter. -
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