Oil is at a three year low, closing at less than $50 the barrel.
When the rules can change at any moment, can you fault investors for not doing so?
A final settlement coming out of Washington on the automakers? No; not just yet.
Are the CongressCritters actually beginning to “listen” to the people? Will it be a bi-partisan “thumbs-down”?
At this point the Big 3 were told to come back on December 2nd, eleven days from now, with a viable plan as to the administration of the cash they could potentially receive. Whereas the Demorats were initially eager to provide Detroit with billions of dollars, well, since it would now appear there may be consequences to this loan and there are many objections to a wholesale loan — they have evidently decided to re-decide.
Trust me, when Pelosi and Reid met with Detroit’s Big 3 representatives on Thursday, November 6th, the deal was already done. The very next day GM bleated that their future was bleak, nocturnal, moribund. Imagine that.
The automakers came to Washington, in their corporate jets, with no plan. They just wanted the cash. Waggoner (GM), Nardelli (Chrysler), Mulally (Ford) and Ron Gettelfinger of the UAW came crawling for same.
And what has president-elect Obama broadcast about all these issues? Essentially nothing. Nothing means that he mustn’t commit. Non-commital = non-pigeon-hole-able.
Corporate taxes in America are some of the highest in the Western world. Why?
And you know what had a hand in this “change of direction”?
Talk radio! CONSERVATIVE talk radio. Internet. Blogs. A bit by Fox.
You can be assured, therefore, that we are in the Demorats’ sights.
BZ
BZ, we ARE in the Dems sights, but Conservatives have as many enemies within the Republican party as they do the Democratic!
They are called RINOs, you have em here, several of em, they *bite* on anything the Repubs say as if it were Gospel.
Until these types of people pull their heads OUT of their asses and stop falling for the *party line of bullshit*, there will be nothing actually change and we, the nasty old non GWB supporting Conservative won’t have a pot to piss in nor window to throw it out of…
I fully expect that when Obama gets into office, the auto bailout will be a given, BZ. 🙁
Yeah, they’re dodging any talk of the “Fairness doctrine” now, but they’re not ruling it out.
Here’s what else the Dems have to consider as they’re in POWER: what if the Big 3 receive their cash, nothing much occurs then they come BACK to the trough? Ooooo, very BAD looking for That One.
You mean (gulp the Leftists), he’ll actually have to make a DECISION and then there could be actual CONSEQUENCES??
BZ
Between the UAW and the CEOS it’s amazing they have survived as long as they have.