Bush Announces Bailout

Bailout Announced.

http://www.ottawacitizen.com/Bush+announces+Three+bailout/1095343/story.html

http://www.ottawacitizen.com/Bush+announces+Three+bailout/1095343/story.html

Here's the actual article, the last one was just pictures..

desperate last move of a failing dog?

If this didn't happen, most of us would be on the street. As Dung as it is, it's the only way out of a situation that could've gotten much worse. Now we wait for our announcement.

SensGirl11 wrote:Bailout Announced.

[url=http://www.ottawacitizen.com/Bush+announces+Three+bailout/1095343/story.html

http://www.ottawacitizen.com/Bush+announces+Three+bailout/1095343/story.html[/quote[/url]]

I find this particularly interesting:

Ford has said it currently has enough money to continue operating and does not immediately need government relief.

I don't think Ford Canada wants money either. They do want a guaranteed credit facility however, just in case.

marakh wrote:desperate last move of a failing dog?

Meh, it might be one of his only good moves... Either way, if he didn't do it Obama would have..

It will be nice when everyone can just move on.

smash88 wrote:

marakh wrote:desperate last move of a failing dog?

Meh, it might be one of his only good moves... Either way, if he didn't do it Obama would have..

The fact is, he didn't ahve the choice, because of a situation he created himself. Hence my analogy.

marakh wrote:

smash88 wrote:

marakh wrote:desperate last move of a failing dog?

Meh, it might be one of his only good moves... Either way, if he didn't do it Obama would have..

The fact is, he didn't ahve the choice, because of a situation he created himself. Hence my analogy.

I'm no fan of Bush, but the fact that Ford is taking a rain check on the bailout shows that this is more a matter of corporate mis-management than government failure.

SeawaySensFan wrote:

marakh wrote:

smash88 wrote:

marakh wrote:desperate last move of a failing dog?

Meh, it might be one of his only good moves... Either way, if he didn't do it Obama would have..

The fact is, he didn't ahve the choice, because of a situation he created himself. Hence my analogy.

Yeah Agreed

I'm no fan of Bush, but the fact that Ford is taking a rain check on the bailout shows that this is more a matter of corporate mis-management than government failure.

and Agreed...

Good for Bush. Lets hear it for greed!

SeawaySensFan wrote:

marakh wrote:

smash88 wrote:

marakh wrote:desperate last move of a failing dog?

Meh, it might be one of his only good moves... Either way, if he didn't do it Obama would have..

The fact is, he didn't ahve the choice, because of a situation he created himself. Hence my analogy.

I'm no fan of Bush, but the fact that Ford is taking a rain check on the bailout shows that this is more a matter of corporate mis-management than government failure.

It sure has some relation to that, but still, people are not buying despite some cars sold at 25% off. It's the weak $, the money invested in war, the gas price, the credit crisis...

All of this is wrong. The root of the problem is outsourcing we are shifting our wealth to former third world countries...

Fastest growing economies are all asian... India, China even Pakistan... why? because our intelligent CEOs looking to make the bottom line look better have moved manufacturing and development to these countries. We no longer have these cornerstones of the economy available so people are moving to customer facing jobs, like food industry, retail all of which will implode when the money siphoned off the top leaves people unable to afford these things.

This is FAR from over. Unless people reinstitute 'buy American' and start buying Canadian made goods, we are Diddle longterm. Truly...

marakh wrote:It sure has some relation to that, but still, people are not buying despite some cars sold at 25% off. It's the weak $, the money invested in war, the gas price, the credit crisis...

And the greedy financial sector gets greedier. Lenders should be compelled to LEND the funds that the government is making available to them. Instead, they're hoarding that cash to support pay and benefits for the richest CEOs and management in the business world.

It's a complicated world.

SeawaySensFan wrote:

marakh wrote:It sure has some relation to that, but still, people are not buying despite some cars sold at 25% off. It's the weak $, the money invested in war, the gas price, the credit crisis...

And the greedy financial sector gets greedier. Lenders should be compelled to LEND the funds that the government is making available to them. Instead, they're hoarding that cash to support pay and benefits for the richest CEOs and management in the business world.

It's a complicated world.

You don't fix people who have problems with money by giving them money. Stupid logic. This is going to get far worse. On the bright side, at least our countries will be deeper in debt as time moves on too. GREAT.