Money First - Smart Later
Regarding the Auto Bailout - The Christian Science Monitor gives us some inside scoop on what to expect...politics as usual:
Outgoing President "saves" them from impending doom by handing over our money...sorry, printed money we borrowed from only God knows who...three months later, Congress and presumably the incoming President will set up the heavy handed regulations on how to spend it.
So, my question is this: what does the auto industry do with this during the first quarter of the New Year? I wonder how financial analysts view this development? Does it instill any confidence that the Big Three are going to shift their thinking about how to do business?
I'm going to go out on a limb here...expect history to repeat itself.