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Bailout for the Automakers?

November 11th, 2008

gmThe United States government has been giving away cash faster than they can print it these days.  They just extended the bailout of AIG to $150 billion. Now President-elect Obama, Speaker of the House Nancy Pelosi, and Senate Majority Leader Harry Reid want to send money to Detroit to bailout the “Big Three.” GM, Ford, and Chrysler are all burning lots of cash these days, and after the $700 billion bailout to the banks and Wall Street they decided to hold their collective hands out and see what happens. To be honest, I don’t blame them one bit. However, I think that it is ridiculous that the American taxpayer continues to foot the bill for these terrible businesses that can’t seem to take care of themselves.

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