American Automakers May Get Another $25 Billion Loan

[Soup]

Auto Loan Daily - American Automakers May Get Another $25 Billion Loan

Speaker of the House Nancy Pelosi and other key Congressional Democrats met Monday to discuss ways to keep the U.S. auto industry afloat during these tough times. Congress is considering a loan of up to $25 billion that would be available immediately. This would be in addition to the $25 billion that has already been approved but won’t be available until 2010.

[bmxer99]

this is badass.. and my gm stock is going up.

[mattlikespeople]

guess no one ever told the government that money just doesn't grow on trees. Where do you think all this money is coming from for the bailouts and loans when our nations debt is in the trillions and our budgets have been messed up for the past 8 years? 10billion a month to iraq for 60 months adds up...

[Soup]

well if we're blowing $10b a month on a moronic war, why not spend a little rescuing businesses that employ thousands of people.

[American Psycho]

good decision, if they can bailout retarded homeowners way over their heads. they can bailout a company who will employ thousands.

remember its not just GM who it helps. it helps the smaller companies who makes GM parts.

[mattlikespeople]

good point, guys. iraq apparently wants us outta there by 2011 anyways

[Soup]

that early?