The Big 3 automakers are eager to get the bailout rescue aid to help go through their day to day operations. However, the hope has once again demolished. Congress and Democrats are asking the Big 3 to come back with a detailed plan about how they can rebuild the once-mighty industry!
This sort of news has again sent the already in-very-bad-shape DOW goes down another 444 points. S&P establishes another low at 752 points.
Seriously, how many times the Congress and Democrats have to keep changing their dialogues regarding these bailout plans? One day, they will be saying they are trying hard to ensure something will happen to help the industry. Yet, the other day, they will be saying that unless someone is going to show them a plan, they are not going to give any money?
First, are you going to be convinced by a plan detailed by some people who have been poorly managing the company?
Second, are you really trying to help the industry to survive?
Third, who in Congress or Senate is (are) going to prove (approve) a plan? Anyone there has great business or entrepreneurship background that knows if a plan is viable? Can they predict if the plan is going to be realized? Who is (are) going to check the actual performance against the plan?
Seriously!
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