Musings on the markets for the individual investor
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There is no doubt they’ll get something, and sooner rather than later:
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I don’t want to sound cynical, but if the car makers get a bail out, shouldn’t the car buyers get one too?
How much do I get off on my next Chevy?
Comment by EDN — 12/7/2008 @ 1:58 am
You only get a bailout if you bought too much car and now need it refinanced. You have to have made a bad decision such that you’re in danger of losing your car. You know we need to keep people in their cars so they can go to work and borrow more money.
Comment by Maria — 12/7/2008 @ 7:47 am
Maria sounds like she’ll be running for Congress next time around…
Comment by BMB — 12/7/2008 @ 8:47 am
Congress will now have a vested interest in promoting the success of the auto companies in the marketplace.
The protection of congress will damage the interests of auto companies they don’t own, the ones making cars people want to buy Remember that “level playing field” means level anyone else in the game.
Welcome to the soviet planned economy. We all know how well that worked.
Comment by Fred — 12/7/2008 @ 11:04 am
I noticed that gov’t didn’t come rushing to the aid of Tesla when they were in need of financing.
Comment by BMB — 12/7/2008 @ 1:21 pm
I’m listening to Nardelli on Bloomberg Weekend and I realize that this is someone I wouldn’t trust to run a hot dog stand.
Along the way, the accidental comedian said Chrysler, “shocked the industry with three new electric vehicles.”
That’s funny, but not four billion dollars funny.
Comment by Fred — 12/7/2008 @ 4:30 pm
I’m still totally bewildered as to why he was chosen to run Chrysler after the lousy job he did at Home Depot.
Comment by BMB — 12/7/2008 @ 4:36 pm