Yes, the big three automakers are in some financial trouble. But having the government take part ownership in them is definitely not the way to go.
Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.
Yeah, that’s brilliant. The government, who regulated the auto industry into this mess, now wants part ownership of it. What could possibly go wrong?
Seems like everyone’s getting bailout money these days. If you want to get in on the action and party like it’s 1999, you can get an application here.
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