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Have you heard?

One big topic the news is talking about lately is the possibility of another automobile bailout.  With times being hard right now, many automobile companies are petitioning congress to appropriate $25 billion in low cost loans authorized in last December’s energy bill.  On top of that, three key players in the industry are petitioning for an additional $25 billion in low interest loans. Currently, a democrat committee is working  on a legislation from will cut away from the $700 billion Wall Street Bailout to for loans to the auto companies, in exchange for government ownership shares in each company.   2008-ford-focus-50.jpg There are two schools of thought on this matter.  One is that the government shouldn’t help these companies because America is a capitalist society, where the consumer dictates which companies rise and fall, based off of the quality of a company’s products/services, and the way a company manages itself.  The other opinion is that these companies provide valuable jobs for U.S. citizens, and fuels consumer spending, and there for the government should bail them out for the good of the nation.  What is your opinion?  As a small business owner/member?

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Posted on Monday, November 17th, 2008 at 6:15 am In
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