Current Events — HabitableZone

Current Events » in reply to re: Auto companies

re: Auto companies

The key here is, "government ownership":

"WASHINGTON – Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.

House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., hope for quick passage of the auto bailout during a postelection session that begins Monday."

--- bailout after bailout, it will be their excuse for government ownership.

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