U.S. Auto Industry and the Ripple Effect

by LukeAmerica2020
I have mixed concerns regarding the proposed $25 BILLION bailout of the automotive industry (GM, Ford, & Chrysler). First, where do all of these taxpayer-funded bailouts end? Second, has the economy been helped at all by ANY of the $300 BILLION that’s been used thus far? Third, will Treasury Secretary Paulson disclose to Congress (and the citizens who are funding the bailouts) the details of the monies thus far disbursed. Fourth, what happens to the auto industry 60 to 90 days after the bailout when those funds are gone?

This video is from the GM Blogs YouTube channel (General Motors).

 

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