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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (3420)	12/20/2008 1:12:34 AM
From: RMF	Read Replies (1) \| Respond to of 103300

I agree with you, but I don't think right now is the best time to do it. We've given AIG $150 Billion and those guys are still going on retreats, so I think I can live with giving the Auto companies $50 Billion if it will avoid 5 million job losses. If this were 1982, I'd say "let them all go to hell in a handbasket", but the situation we face today seems so structurally precarious that I don't want to see any more dominoes fall right now. We're gonna have credit card defaults, commercial paper defaults and mortgage rate adjustment defaults all coming on line in the next six months, so putting $50 billion in welfare into the Auto Companies might not seem too bad an investment next June.