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Old 11-18-2008, 03:02 PM   #1
bigralph
 
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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.
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Old 11-18-2008, 03:09 PM   #2
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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.
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Old 11-18-2008, 05:04 PM   #3
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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."
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Old 11-18-2008, 05:10 PM   #4
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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
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