TWO SIDED COIN

Stupid statments from our Government!!!

The Bush administration simply wasn't willing to stand by and watch the American auto industry financially collapse — the stakes were too huge.
Administration officials are talking with those automakers about conditions that must be met to get the aid and have not made final decisions on the size or duration of the help.
Bush spokeswoman Dana Perino said. She noted that in normal times the administration would prefer to let the markets determine the fate of private firms, but these times are far from normal.
I thought wall street was privately owned???

Perino said that while "the federal government may need to step in to prevent an immediate failure, the auto companies, their labor unions, and all other stakeholders must be prepared to make the meaningful concessions necessary to become viable."
What concessions had to be made before wall street got 700 billion dollars???

General Motors Corp. and Chrysler LLC have warned they are running out of cash and face bankruptcy without some form of assistance. Ford Motor Co., which is in somewhat better shape financially, has been seeking access to a line of credit.
That is what wall street said and got money at the snap of a finger!!!

$14 billion measure that would have extended short-term financing to the industry while establishing a powerful new "car czar" to make sure the money was used to turn the Big Three into competitive companies. That bill passed the House on Wednesday but immediately ran into opposition from Senate Republicans who said it did not go far enough.
Wall street do what ever you want, they are!!!

On Thursday, the GOP lawmakers demanded the United Auto Workers union agree to accept a lower pay and benefits package that would be in line with compensation earned by workers at U.S. factories producing cars for Japanese companies such as Honda, Toyota and Nissan.
Did they do this with wall street???

But we could not accept the effort by the Senate GOP caucus to single out workers and retirees for different treatment and to make them shoulder the entire burden of any restructuring."
Not wall street!!!

If they're going to give them TARP money, this administration ought to have the courage in its last 40 days to stand up and say, If you're going to get that money, you're going to restructure.
Again not wall street!!!