Wednesday, November 19, 2008

Congress Doesn't Want to Bailout the Big 3


Based on the Congressional Hearing held with the Big 3 U.S. automakers, and then reading Mitt Romney's press release I would have never come to this conclusion. The conclusion being, prepare for the shock, the United State's Congress does not want to bail out the Big 3. I know right, this just came out of nowhere. Although Congress, or more specifically the Senate is not suppose to vote on the bailout proposal until Tuesday. Many people believe the reason for the delay, why they're not voting on it today is because, they don't have the votes to pass. The proponents for the bailout don't even have enough votes to hold a test vote, or a vote to see how thing might be leaning. In other words they are so behind that if they tired to see how behind they were the embarrassment of the test vote could kill the proposal all together. Talk about a fragile ego.

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