Bush finally did the wise thing and provided a bridge loan to GM and Chrysler.
About The Author
BooMan
Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.
why the big speech? I heard Sec. Treasury is going to be using the rest of TARP funds today. I don’t hear W crying about having those Banks receiving TARP about getting wage concession and coming up with a plan to be viable, competitive.
http://www.bloomberg.com/apps/news?pid=20601087&sid=adq._JZdgZKw&refer=home
here is the link.
Bush is just worried about his legacy. He doesn’t want to have it said of him that he could have bailed out the Auto industry in the last 30 days of his Presidency and did nothing, especially if one, or more of them goes out of business.