Bush to the Rescue!

George W. Bush is going to end his presidency on a high note it seems. 

Despite what many republican senators must have hoped for, 

the Bush administration is going to cough-up over 17 billion dollars

in loans and assistance to GM, Ford, and Chrysler.

As far as I'm concerned it's about time someone in Washington

got of their a$$ and actually did what needed to be done. NOW!!!

All the political posturing proved nothing - zip, zero, zilch!

And by the way! A loan that will get paid back is hardly a hand-out!

But here's the question for ya'.

Does this mean the price of a new car or truck in the USA will go up next year?

Hey! What's up with that stuff?

 

Auto Bailout!

So the Republicans refused to pass the aid package sent to them. This is political as far as I can see and shouldn't be confused with caretaker objectives. Saying that the unions should take a pay decrease or some other kind of concession is obviously not the real issue at this moment in time.

When the auto industry first began, it was credited for creating the middle class that created a vast amount of economic wealth. Some would say the North American economy is built on the back of the auto industry.

I think it's also fair to say that when President Elect Barack Obama takes office in the new year there will be a package delivered to the automakers in Detroit.

Here's my question:

What is to be gained by stalling the bailout package and why are the republicans playing stupid party politics when so much is at stake?