Wednesday, November 12, 2008

Detroit Bailout

I heard a lot of headlines over the weekend about bailing out Detroit to the tune of 25 billion. This is apparently being pushed by the President Elect and the Democrats. I kept waiting for the part about what reforms and concessions the Automakers would make in return, improved gas mileage, better design, business practices revamped. I never heard any thing about these, and that scared me. See Thomas Friedman NYtimes: How to Fix a Flat http://www.nytimes.com/2008/11/12/opinion/12friedman.html?ref=opinion

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