Well, I’ve been watching the Congressional hearings, and I am so confused. Roughly two weeks ago, GM Chrysler, and Ford wanted $25 billion. Earlier today they wanted $34 billion. And this afternoon???
“Mark Zandi, chief economist for Moody’s Economy.com, testified that the companies would need $75 billion to $125 billion over the next two years to avoid bankruptcy.” (From: MarketWatch)
Ummm… Uhhh… Honestly, words fail me. Why do we allow this to happen?
Alan Speakman
H/T: Michelle Malkin
December 5, 2008 at 2:57 pm |
It’s pretty unconscionable, but on the lighter side, there’s a great joke about car salesmen in here somewhere..
December 6, 2008 at 11:20 am |
That’s so typical… when GM, Chrysler and Ford mentioned the $25 Billion figure, they conveniently left out “tax, title and destination” charges. That explains the difference between the $25 billion and $34 billion.
The $75 billion? That’s only if you want the “de Eleganze” interior option with the fine Corintian Leather. But the interior upgrade ALSO includes (at no extra cost) a Bose surround sound with Dolby 5.1 and remote control big-screen DVD player.
After all, Detroit knows best what we need in our autos, don’t they?