SocraticGadfly: ANIOTHER $25 bil in ‘Big Three’ car loans?

October 23, 2008

ANIOTHER $25 bil in ‘Big Three’ car loans?

That’s what Sen. Carl Levin wants
from the lame-duck Congress.

You know how stupid this is?

If we combine that with the original $25 bil of government guaranteed loans, we have $50 billlion.

At $250,000 a pop, we could give 10 years’ baseline income to 150,000 rank-and-file employees. (GM has roughly 100,000 total employees in the U.S., so I’m guessing that all three of the formerly Big Three have 200K people below top brass employed here in the states.

And put the money to better use.

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