Getting Close to Another Bailout

- By Bossip Staff Categories: News, SMH

Posted by Bossip Staff

detroit

It looks like the prayers are close to being answered concerning the auto bailout:

The House of Representatives handily passed a bill Wednesday night that would provide up to $14 billion in bridge loans to automakers, but Republican opposition cast doubt about the bill’s fate in the Senate later this week.
The U.S. House approved an auto bailout package Wednesday, but it could hit a roadblock in the Senate.

The U.S. House approved an auto bailout package Wednesday, but it could hit a roadblock in the Senate.

The stopgap measure, approved by a vote of 237 to 170, is designed to let the new Congress and incoming administration of President-elect Barack Obama craft a long-term solution. It would also give the companies time to negotiate with creditors and the United Auto Workers union on additional concessions needed to stem their ongoing losses.

Hmmm…this could get interesting. Who thinks the Senate is going to stop this bill in its tracks? Hell, who thinks the Senate should stop this bill in its tracks, for that matter? Don’t be shy.

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Comments

  • Aunt Viv

    LOL @ that pic

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  • Megatron

    Da f@#k is the point of bailing these nuccas out if there aren’t going to be any jobs created as to where people can purchase what they produce??

  • BlackLADYDoctor

    European socialism has been an American staple…like apple pie and air nike’s.

  • Chenoa

    They Senate shouldn’t bail them out…These companies had enough time and money prior to this to change the way their cars run and the amount of gas it takes to run them… People have moved on to the other companies that fit their needs… This is North America they need to get with the times… All they gonna do is waste the money anyways..

  • Seek the light beyond the shadows

    Give to the Needy and not the Greedy!! Um hmm thats right!!

  • nicole

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  • http://annoymous@yahoo.com anonymous

    hey im in the D and anything is better than nothing!!

  • DR.FUNK

    I consider George Bush a hero if he dropped this bill in the shredder.So would the history books.

  • Matthew

    These companies are looking for more stock fortunes. They are publicly financed companies whose executives earnings are paid in stock not in residuals. Alike they have contracts to fulfill and traders to please to keep the flow of money into the buyer’s market. If your making enough to buy two burgers one period and then the next period what you earn can now only buy one burger, your lifestyle changes. When your publicly owned, your house, car, and expenditures are as well. Where the average American fits into this picture is their stake is our holdings, which means a paycheck that covers our livelihood. Rich get richer and poor get poor. So if your rich and one day your poor, more than likely you in definitive terms were never rich.

  • nicole

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  • http://yahoo maurice

    i work for the big 3 building cars and if they don’t bail us out there will be over 3million people including me out of a job not just the auto workers, the suppliers, the tire makers, and so on. Then what good will the usa be when everything will be made overseas or by a foriegn company?

  • Get The F*(K Outtta Here!

    I guess with two brand new vehicles didn’t work. Oh well onward to the Unemployment line.

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