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Old 12-19-2008, 12:55 PM   #17
Italiano
Scooby Specialist
 
Member#: 2137
Join Date: Aug 2000
Chapter/Region: NESIC
Location: CT, USA -what am I doing here?
Vehicle:
a 6spd Manual
Acura

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Quote:
Originally Posted by Yotsuya View Post
Well, I'll give Bush credit for at least making a decision rather than put his head in the sand and letting advisers make cryptic comments.
I agree, it's really sad when Congress basically did just that

" Oh ...this is such a mess! .... oh well.... time for my vacation K thnx bye"
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I'm not thrilled by the idea of giving them free cash, but having more than 2 million people out of work & that number is swelling fast, really takes away much choice on the matter.

this quote catches my eye:
Quote:
the companies must have thorough plans in place by March 31 or the loans will have to be repaid and the automakers will be forced into a controlled chapter 11 bankruptcy.
So, does that mean that if GM & Chrysler have a "plan" & that somebody (who this is, I don't know) believes it, they don't have to worry about repaying which would = an automatic bankruptcy?
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