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I've been watching CNN and all the other news channels about this over the past couple days and have been wanting to mention this.
Apparently, giving that 25B to the auto industry is the TOP PRIORITY of the new pres-elect to be. I just watched it even 20 min ago on CNN....interviews and all. It was said that the auto industry is the back bone of the american economy and there was no way they could let that fall....thousands upon thousands of families would be affected and it would GREATLY hurt he american economy.....something the new folks up there are absolutely trying to avoid and are immediately trying to fix.
Personally, I was concerned for GM simply due to their losses. But, I know they have a VERY bright future in front of them with the Camaro, Volt, and all their other hybrid technology. It's just taking time to get there. And, in that time, they are losing. That is what concerned me. But, they will get the loan they need....which they will pay back with interest, I'm sure.
GM WILL BE FINE.
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