Wednesday, December 10, 2008
American Auto Industry Bail Out
The sad fact is it's not even a bail out. It's a bridge loan. Which is an even higher-risk loan, with a higher interest rate than typical money loans. And all this business about lobbyists, it's so true it's sad. I guess they're trying to save jobs, which is a good thing. And why should I be bothered by the fact that I'll lose value in the cost of my Subaru? I paid $800.00 for it - $600.00 of which was comprised of my economic stimulus check. So really, the car only cost me $200....
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