Auto bailout hearing.

bigralph · 11-18-2008, 03:02 PM

Senate Banking Committee hearing on whether to bailout American automakers.

You could see the hearing live at cnn.

go to this link http://www.cnn.com/video/ and click on the live video link.

zebra · 11-18-2008, 03:09 PM

i like how the Ford CEO Alan Mulally said on the news this morning that the money would not be a 'bailout' but more of a loan because they intend to repay every penny.

PsyDoc · 11-18-2008, 05:04 PM

All I have heard, listening to it on FoxNews, is the automakers history from 2005. I have not heard anyone discuss how they will turn things around and what plans are in place to accomplish that goal. Unless they have an explicit strategy, then I think it could be bad news in terms of a "loan."

CaptianSam · 11-18-2008, 05:10 PM

for the GOVERNMENTs sake they shouldnt agree to 50 mpg... thats half the tax gas revenue for governments... and in doing this... quantity demanded goes down...PRICE GOES UP... EVEN LESS TAX FOR THE STUPPID GOVERNMENT

11-18-2008, 03:02 PM	#1
bigralph Drives: 2001 v6 Camaro Join Date: Dec 2007 Location: Northborough, MA Posts: 267	Auto bailout hearing. Senate Banking Committee hearing on whether to bailout American automakers. You could see the hearing live at cnn. go to this link http://www.cnn.com/video/ and click on the live video link.

11-18-2008, 03:09 PM	#2
zebra just can't seem to leave Drives: your mom wild!! Join Date: Oct 2008 Location: cold & windy Posts: 10,625 View My Garage	i like how the Ford CEO Alan Mulally said on the news this morning that the money would not be a 'bailout' but more of a loan because they intend to repay every penny. __________________ Eve ('00 FRC): hot-air intake Rowan ('09 H3): 5spd mom-mobile Penny ('99 Sierra): 5.3 / HD 5spd... gone but not forgotten Samson ('18 HD): compounded 408

11-18-2008, 05:10 PM	#4
CaptianSam Car Garage Drives: 350z,A4,SRT8...see sig Join Date: Feb 2008 Location: north west Posts: 830	for the GOVERNMENTs sake they shouldnt agree to 50 mpg... thats half the tax gas revenue for governments... and in doing this... quantity demanded goes down...PRICE GOES UP... EVEN LESS TAX FOR THE STUPPID GOVERNMENT __________________ 2012 2SS RS Ordered Black on Black 6 speed Coupe Artic Lid Stripes Yes I Supercharge Everything On My Ipad Xbox McLovin1515 Ps3 McLovin1555 Current Autos:68z28,03viperSRT10,04escalade,05RangeRoverSport SC Project Autos:80corvette350-500hp 6speed,06charger S'C 6-speed posi,74Firebird400blue,69chevelle572 707 New Autos:2012CamaroSSRS,09ChallengerSRT8 Past Autos:....too many to list "i told you it was gettin' an LS3" Go down deep enough into anything and you will find mathematics. Dean Schlicter B.Sc. Hons. Mathematics

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11-18-2008, 05:04 PM	#3
PsyDoc Drives: Soon-to-be 1st Gen Join Date: Nov 2008 Location: Southeast Posts: 249	All I have heard, listening to it on FoxNews, is the automakers history from 2005. I have not heard anyone discuss how they will turn things around and what plans are in place to accomplish that goal. Unless they have an explicit strategy, then I think it could be bad news in terms of a "loan."