From the Detroit Free Press
Detroit automakers would face strict oversight from a federal official and have to drop lawsuits against California’s limits on greenhouse gases from cars and trucks under a draft of the rescue obtained by the Free Press.
The final amount of the loans available under the plan was one of the issues still [...]

Maybe you have read my numerous posts on bailing out the auto industry, or maybe you have not.  Educate yourself here , here, and here.  Today it appears that a bill will be brought before Congress that will get $17 billion to the auto industry in a effort to keept it afloat until Barrack Obama’s [...]

A SOCIALIST GOVERNMENT!!!!  I have already ranted about Government bailouts here!  NOW WE HAVE MORE of the same!  The Big 3 are pushing Congress for another $25 billion on top of the $25 billion for retooling to produce more efficient vehicles.  News flash.  This is all a farce!!!  GM claims they won’t have enough money [...]