Bush leaves GM on life support for Obama | WHAT REALLY HAPPENED


Bush leaves GM on life support for Obama

Today's announcement of a $17.4 Billion loan to GM and Chrysler marks another milestone on the road to nowhere currently being followed by the current administration. Under the terms of the loan, "If the firms have not attained viability by March 31, 2009, the loan will be called and all funds returned to the Treasury," Meanwhile,another caveat to the deal is that workers' wages will have to be reduced to make them as competitive as those in Japan and Korea. Oh and the corporate jet has to go as well. This passes for a plan these days. Who are they trying to kid ? GM and Chrysler will need this money just to keep the lights on until March before the inevitable industry collapse.

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