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GM, Chrysler warm to merger
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That's the elephant in the living room that the committee wants to ignore. Why? Politics!!!! These monkeys should be tossed out of office and charged with crimes of stupidity and misuse of the people's taxes.
The bailout should go through, and it is going to be pennies on the dollar compared to the next day of reckoning to be seen in America. Save the Big Three; Pull the plug on Healthcare in America.
Bennett may have lots of time in the Senate, but that does not make him an expert on running any sort of business in a repsonsible manner.
If Bennett really wants to help, repeal all the mandates placed on the car companies, and then tell them to go file bankruptcy and salvage what they can to try to become profitable in the future.
Throwing more money at the Big 3 is only going to waste tax dollars. Only a fool or a liar will claim that it will ever be repaid, let along with interest, or any profit.
We don't need to subsidize buggy whip makers either, or steam locomotive builders.
The UAW is the albatross around the neck of the big 3 and the Democrats (and semi-senile RINO Republicans) refuse to admit that or attack the root of the problem.
Politicians!
Also, what are people talking about with "gas guzzlers" anyway? Based on my comparisons, equal engines and vehicles all get within 1-3 mpg of each other, regardless of import or domestic. And GM has 30 vehicles at over 30 mpg hwy. Are you still living in 1977? Give your facts...
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Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., left, shakes hands with General Motors Chief Executive Officer Richard Wagoner on Capitol Hill in Washington Thursday before the start of the committee's hearing on a bailout for troubled American automakers. Committee member Sen. Robert Bennett, R-Utah is at center.
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