Dec 08 2008
Congress will send Bailout Plan This week
Congress will send the White House the automakers’ bailout plan this week. The expected bailout package is fifteen billion dollars. This is a very hefty price tag. The automakers’ will need a czar to help oversee the automobile industry. There needs to be oversight to make sure that the bailout money is not being misappropriated. Congress wants the automobile companies to restructure themselves so that they will be viable. The automobile makers need to make cars that Americans will want to buy. Most people buy foreign made cars because they are cheaper, more energy efficient, and safer. The automakers said that they failed the consumers and they are right.Most Americans now want cars that are better for the environment and their pocketbooks. Hopefully, there will be a deal worked out that is good for the taxpayers, the automobile companies, and the government. I do not know what will happen but we cannot lose the automobile industry in the United States of America.
