Another Bail Out
filed in content on Dec.09, 2008
“The fate of the U.S. auto industry and millions of jobs are on the line as major players work out details on Tuesday of a plan to extend emergency loans to the Big Three automakers in exchange for tougher oversight.”
It is becoming increasingly worrisome that there is another bail out necessary in this country. In my opinion, the changes promised with the new presidency cannot come fast enough, though Obama officially takes office when Bush steps down the 20th of Jan.
With some of our biggest industries going bankrupt you have to consider how much else is at stake. How far can this recession go and what can be done to stop its destructive power now?
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