I had left this thread until I heard this news today:
Bush: U.S. will act to safeguard financial system - Nov. 24, 2008
Then please, enlighten my as to why this is ok and not giving the automakers money? Citibank was just given another 20 billion having already been given 25 billion a few weeks ago, and the government is guaranteeing 300 billion in losses.
So I know you are totally against these actions as well, but if we are already doing it, I can't see still how even $100 billion to the domestic automakers is any less important, degree in economics or not. We've already opened up the treasury for the banks, and I see the point of where do you stop, but my point is, you can't just stop with the banks. I mean really, 45 billion to Citibank in the last 4 weeks and zero to the big 2.5? Both institutions are important.