A Current Affair………
Lost in this weekend’s news about the $700 billion bailout package for the banking industry was a $25 billion loan package for United States auto manufacturers. This package comes at a time when apparently Congress and the President believe that the American people will see $25 billion as a pittance compared to the $700 billion they’re already planning to spend on mortgages. While there certainly is precedence for this move — the government loaned $675 million to Chrysler in 1980— this loan package is several orders of magnitude larger. MORE>>>>>>>>>>>>>
