Headlines in Detroit, After the Bailout
I just thought it would be interesting to take a look at some of the headlines in Detroit to see what they’re thinking after Bush pushed our country even closer to the United Socialist States of America on Thursday.
From the Detroit News:
- Givebacks in Bush plan rile UAW
- Commentary: Forging new path will be rough road for Detroit automakers
- Chrysler considered at risk, despite aid
From the Detroit Free Press:
- Detroit automakers look to Obama administration
- Someone needs to watch over changes at the Detroit 3
- Reactions: From support to “Let Detroit die”
- Canada: $3.29 billion to Big 3 subsidiaries
- Chrysler: All will have to give a little
- Tough challenges still ahead for GM
- GM-Chrysler deal will help Ford, too
- Loans give GM, Chrysler 3 months
Perusing these articles, it appears obvious that few, if any, believe this will be the last of the government assistance needed to make GM and Chrysler viable again. Rather than a bridge to traverse troubled waters, this is an inflatable life preserver with a hole in it. The two recipients will only be able to stay afloat until the cash runs out, when we’ll most likely be called on to “rescue” them once again.
Please let us know if you see anything of the “Three Little Piggies“; Gettelfinger, Wagoner, or Nardelli. Top Conservatives on Twitter (#TCOT) is still trying to document how the bailout money is spent.
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