The media is abuzz with talks about a possible government bridge loan to the Big Three automakers. I would like to state for the record that due to my new familial status (hubby works for GM) and the fact that I was born and raised in the Detroit area and have lived here all of my life, I reluctantly agree that there is "no other option" given the economic ripple impact that would take place here in Michigan and nationally, even if it's a desperate short-term option that may not even get them to the point where the credit market turns around a bit. However, I simply HATE that fact, because a big part of me wants to scream a stream of gibberish in the car at some of the commentators on NPR that sounds a little bit like "free market! supply & demand! it's a capitalist society, people!". But I don't, and I will suffer in silence (for now) while my husband & his co-workers press on at a company that is quickly running out of options while celebrating their 100th year anniversary without much fanfare. Cheers.
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2 comments:
I've been watching/listening to the news about the big 3. What a horrible situation...I am deeply saddened and hope and pray something will happen to turn things around. Is GM stating anything to their employees? What shows are you listening to on NPR? I frequently listen as well.
The timing of all this news is not good with the transition of presidents and other lawmakers in Washington. Hopefully, if it is decided that something can be done, they will react sooner than later or it may be too late.
Love your blog site BTW. Great idea!
Hugs to you both!
nice post. some days i still find it hard to believe they are talking about 'my' GM....or maybe they mean GE?!
xox
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