Automakers have already been approved for a $25 billion from a federal “loan program” — now they want money from the $700 billion bailout?
Here’s the story from CNN, “Bush Administration eyes help for automakers”
Might just be me, but does it seem like the government is just giving money willy-nilly to the big companies? I understand the view that you have to help the big corporations in order to sustain and stimulate the economy during times like these, but really. Isn’t it the companies’ fault for all of the years of “throw money at the CEOs and bigwigs” policies? Golden parachutes? Over-inflated salaries? Hello?