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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (45295)	11/20/2008 5:29:17 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 149317

The senate isn't seeing it that way, why do you think that is? I think its because that 3 million jobs that detroit is complaining about is really not that much, it includes every associated/related job like food service for companies and hospitality workers, if you count jobs that way EVERY major downturn creates 3 million layoffs.... the banking industry now for example, the real estate crash, the dot com crash. Most of GMs workforce is RETIRED, those people are not creating widgets anymore, there is no effect on the overall economy if they get taken over by the govt. Pelosi asked them for a plan to profitability, they have until december to produce it, lets see if they can.

To: tejek who wrote (45295)	11/20/2008 5:59:59 PM
From: koan	Respond to of 149317

>>The auto bailout has to be done.....there is no choice. There is little confidence left in the American financial system. People are running to bonds even thought yields are down to zero. The rest of the world is watching.....we screw this one up and we will see a depression faster than you can sing "I left my heart in SF". It has to be done, Liz....no matter whether we think it should intellectually or theoretically or morally. Unfortunately, it is what it is.<< I think there is no doubt. We are a hairs bredth from a major depression. Krugman corrected George will on the great epression regarding this exact point: youtube.com youtube.com