Friday, December 5, 2008

BREAKING: Dem Leaders & Bush Agree on Auto Companies Rescue Plan

Oh, my! It looks like DC may give Detroit's "Big 3" $15 billion after all. So far, it looks like the money will NOT come from the "TARP"/financial industry rescue plan, but rather a loan from the "green technology" development fund. It's unclear, however, how many conditions will be included on the car companies actually developing greener cars.

Still, it looks like the car companies will have to make concessions. There will be government oversight. There will likely be some kind of fuel effiency standards for new cars. We'll just have to see what happens with the final deal.


Post a Comment