Quote from AAAintheBeltway:
GM and Chrysler will be kept alive for decades on the taxpayers' dime. Soon, their executive suites will be filled with out of work Democrat political hacks, all drawing enormous salaries, just like with Fannie and Freddie. Expect a lot of rhetoric about jobs and the importance of a domestic car industry.
Reluctantly, I agree with that.
America is tearing at the seams.
The economy can't take another 2 years of this wild looting.
At 20 to 25 Trillion in bailouts, the dollar and treasuries will crack, then break. Then the real fun starts = hyper-inflationary depression.
Hopefully, Obama has enough sense to reign in the feasting before its too late. Or we'll be the next Argentina.