Just when I think the Bush Administration can't become any more anti-free market, they prove me wrong. Not only is he trying to bail out the car companies after the Bill failed in the Senate but he is willing to give money to a PRIVATE COMPANY.
Chrysler is a private company owned by an equity firm. Since when do governments give money to private companies? Especially, when they have $24 Billion in the bank?
Chrysler's CEO said that the Equity Firm had already put Billions into Chrysler and shouldn't have to put more money into the company. What lunacy! If I own a company losing money, I have to put more of the own money in to keep it going.
Is the US Government trying to nationalize the banks and car companies? It is the only answer to this ongoing behavior.
Monday, December 15, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment