Friday, December 05, 2008
How Many Newly Unemployed Will End Up Buying American-Made Cars Next Year?
Jumping on what Henry Payne wrote on The Corner, I wonder if the terrible jobs report out today makes a Big Three bailout less likely. Not many folks think the $34 billion loan would be the cure-all that the automakers are claiming it is. And with the recession deepening quickly, people aren't likely to be buying a lot of cars anytime soon — for the next six months? For the next year? Eighteen months?
Why take a politically risky vote to throw taxpayer money at a sinking ship, if you're only postponing the inevitable?
12/05 11:30 AM
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