U. S. automakers are seeking federal help beyond the money that Congress has made available for them They want this as part of a financial industry bailout and a measure to retool their assembly plants for more fuel-efficient cars. Where is this going to end? It has a tumble down effect. They bail out the top money lenders and then everyone else down the line wants to be bailed out too.
Dana Perino, White House spokeswoman, said the auto industry has talked to the Bush administration about funding on a much broader scale than the two programs approved by Congress earlier this fall. GM wants about $5 billion to $10 billion in aid from the government. Where is all this money coming from? The requests have come as GM and Chrysler LLC are discussing a potential merger.
You can't just keep throwing billions of dollars after billions of dollars, or can you? Where is all this big money coming from? It seems to me if we have that much surplus, then someone is already being overtaxed. But, get ready taxpayers. I'm betting all our taxes are going up. Something has to give somewhere.
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