She's going to let Barney Frank write the legislation? The same guy that helped with the housing mess? I heard Barney Frank has a man date in congress, shoot, don't they all?
You have no idea what you are talking about. GM generates $50-$60 BILLION in tax revenue to the federal government, not too mention the fact that they employ 3 MILLION people in this country. And you claim that this is merely a partisanship ploy by Pelosi? Get real.
American Express is transforming itself into a bank holding company so it can get a piece of the bailout pie: http://www.nytimes.com/2008/11/11/business/11amex.html?em The question is, after our bankrupt country, which is over $10 trillion in debt, finishes bailing out all of the financial institutions, auto makers, etc., who is going to bail out the USA?
What vital role does American Express play that justifies a bailout? A useless company that should be allowed to die.
WRONG! Perhaps YOU have no idea what you are talking about! Fact: GM: General Motors Corporation: Full Time Employees: 263,000 Fact: Income Tax Expense 37,162,000 (2,785,000) (5,878,000 (in thousands) for tax year 2007, 2006, 2005
Please tell the Toyota employee making cars in AMERICA why his/her gov't should take money from him/her and give it to a poorly managed competitor...so that the competitor can take business from the company providing their salary! May YOUR competitors be so richly blessed with taking YOUR money and trading against you ;-)