Looks Like The Auto Industry Is Going To Get Its Bailout....Who's Next Santa Claus?
The housing industry, Wall Street, and the auto industry will all have received federal government bailouts before the year ends. Who's next? The hotel industry is in trouble, as well as nearly all the major newspapers and the airlines are still struggling. Hollywood is struggling too, particularly television, regular and cable. Professional sports is also feeling the effects of the economic downturn. Even hoes are struggling and sex is always supposed to sell, ain't it?
And since clearly the average American can't expect any assistance with jobs, housing, student loans, or general credit, our only entertainment is to speculate which major American industry is going to need federal government welfare next. And guess who is next? 
4 comments:
Sorry, but its gonna be the Black Santa Claus' next. The white ones are doing just fine so far.
the thing is, all the'bailout $$' is going to the hands that created the greedy messes in the first place.
the money is not going to the actual people that are hemmed in by this mess.
so i'm stil not sure HOWthe bailout $ is helping.
AGAIN, they are trying to hoodwink, bamboozle and hand us some more of their evil crap!
"and they ALL rolled over AND ONE FELL OUT!
There were 5 in the bed and the litle one said , ROLL OVER-ROLL OVER!!"
Love it. More and more proof that our government doesn't give a damn about us.
If the auto industry is allowed to go bankrupt, at least in the short term, the consequences will be devastating. The automobile sector, along with associated industries make up about 3 million jobs.
Companies that enter chapter 11 bankruptcy in this environment will find practically no access to short term credit or creditors and who is going to lend money to a big three company in bankruptcy?
It use to be that chapter 11 allowed for a reliable period to reorganize and change a business model while finding credit to fund overhead, not now, many companies going into chapter 11 will be liquidated for wont of financing.
If the big three go down look for the stock market to crater in an huge way. Furthermore, liquidation of these companies will see what happened in Flint, Michigan repated all over places like Ohio, Indiana, etc
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