Thursday, November 20, 2008

Big 3 Bailout - delayed... for now


I don't know how much of this is Pelosi being smart and how much is the fact that she didn't have the votes due mainly to the fact that Republicans and the Bush Administration are not supporting any bailout. Either way, I'm gald we don't have to worry about this for a couple weeks. 

Funny quote:

"I don't believe we have the luxury of a lot of time," GM CEO Rick Wagoner told a House hearing.

But apparently they all had the luxury of flying their private jets to Washington to beg for money. 3 CEO, 3 jets, all coming from the same city and going to the same city to ask for a bailout. 

But hey at least fuel prices are low. 

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