Auto bailout tab could top $130 billion

[Bindare_Dundat]

hahahahahaha, learn to love it suckers. 

GM and Chrysler say they need $21.6 billion more in loans. But that won't be enough to save Detroit. Here's a rundown of all the auto bailout proposals.

(CNNMoney.com) -- General Motors and Chrysler LLC asked the government Tuesday for $21.6 billion in additional loans, but the final cost of a bailout of the auto industry could be significantly higher.

The two struggling auto giants have already received a total of $17.4 billion in loans. If they get the new loans they want, the price tag of the bailout would climb to $39 billion.

What's more, $7.5 billion in loans have already been approved for the financing arms of GM and Chrysler. Congress also approved funding last year for $25 billion in loans to help automakers convert their plants to produce more fuel efficient cars.

But dealers and suppliers are also asking for federal aid. And consumers may eventually get further incentives from the government to buy new cars.

http://money.cnn.com/2009/02/18/news/companies/auto_bailout/index.htm?postversion=2009021821

[Hereford]

Any PC bullshit Detroit or Washington puts out these days is nothing more than lip service as long as they refuse to address the organized labor (crime) syndicates that run the show.

The democrats desperatly want to prop up the obsolete foundations of unionism, and since the unions won't help their own cause it falls to the money tree of the collective American taxpayer to pay up.

[Soul Crusher]

Any PC bullshit Detroit or Washington puts out these days is nothing more than lip service as long as they refuse to address the organized labor (crime) syndicates that run the show.

The democrats desperatly want to prop up the obsolete foundations of unionism, and since the unions won't help their own cause it falls to the money tree of the collective American taxpayer to pay up.

I said this months ago.  The car companies need 100 billion, not 15.

[War-Horse]

For that kind of money we could have given all americans an electric car for local driving, and save the gas motors for 100miles or greater trips.......

The technology is already there.   Its called a golfcart.

[Soul Crusher]

For that kind of money we could have given all americans an electric car for local driving, and save the gas motors for 100miles or greater trips.......

The technology is already there.   Its called a golfcart.

Its not about that.  Its about the the democrats propping up the UAW.

[War-Horse]

Its not about that.  Its about the the democrats propping up the UAW.

Isnt it supposed to be the republicans who support fat overpaid union workers??   Arent dems suppose to set a low wage for everybody?

Why have roles reversed?    First Bush grows the goverment bigger than in history and now repubs want to lower wages??

[Hereford]

For that kind of money we could have given all americans an electric car for local driving, and save the gas motors for 100miles or greater trips.......

The technology is already there.   Its called a golfcart.

Yes, but golfcarts aren't made by union labor. If they were, they would be crying for a handout as well...