I've been torn about the whole auto industry bailout thing. On the one hand, I really believe the auto industry doesn't deserve to be bailed out. They've been making bad decisions (and bad cars) for too long despite evidence that they should be doing something different. I don't believe the management of the auto industry can pull its head out of
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Problem is, the current administration is totally opposed to telling corporations what to do. That's why they're giving away 100's of billions of dollars to huge financial institutions without getting voting stock nor seats on the board nor restricting executive bonuses nor restricting their golden parachutes nor firing the management nor telling them they have to actually use the cash infusion to *lend* money, not buy other banks.
So this good idea doesn't stand a ghost of a chance till a least January 20th... which, by then, may be too late for GM or Chrysler.
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