After weeks of speculation, Bush has decided to grant Chrysler and GM $17.4 billion without any mention of Ford. You can read the article here:

http://informedvote.ca/2008/12/bush-...lion/#more-312

What do you guys think about this decision?

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www.informedvote.ca

I am opposed to the US government loaning money to General Motors which was fully capable of selling assets such as it's Saab and Saturn division to obtain the money it requires for operating expenses.

I am even more opposed to loaning Chrysler money as it is a privately owned company whose parent company has more than enough money to bail it out.

Ford Motors did not request any money from the Federal government because it still has an extensive line of credit that it can tap as a reserve.

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There has been more whining about 17 billion to the three automakers than their was for 140 billion to an insurance company. The moral of the story is that if you want money from the government, you better not be in a union. Less people (*)(*)(*)(*)(*)ed about the CEO of AIG collection 300 million in compensation over 5 years than auto workers making 50 grand a year.

Does the bailout approval spark a constitutional crisis or a decision power conflict between the USA Executive and Legislative ? Anyone can answer ???

I guess Bush knows more about it than I do.....but I don't like it. IMHO, the car companies were in trouble way before this latest financial crisis that caused the current economic crisis. They are NOT the root cause of the problem and bailing them out doesn't solve any long term problems for the country. I think it's not the end of what they'll want. I've been saying for years that the unions in the automobile industry would price themselves right out of a job. And it's happened. Why should the rest of us save them?

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"The idea of our own American government submitting the duly enacted laws of a state of the United States to 'review' by the United Nations is internationalism run amok and unconstitutional." Gov.Brewer, Arizona

good points, Shiva.
Yikes!!!
Indeed. Tech bubble bursts. Housing bubble bursts. Auto workers bubble burst.

The unions created this crisis. They could stop it simply by sitting down and renegotiating their contracts (esp legacy). The fact that they will not says they do not care that they have necessitated Congressional hearings and all that it incurs. They do not care if it is an imposition on the remainder of America's citizens, not the cost of hearings, not the cost of a bail-out, not the costs to our children on their behalf.

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Think me a bigot? This I freely admit. I am intolerant of...
any Org that codifies religious dogma into law & a judiciary that sets a price for the murder of women & still practices institutionalized racism & slavery & stonings, & public hangings of homosexuals & genital mutilation.
Better to be an informed bigot than a politically correct dolt!