President Obama today announced that struggling automotive giants General Motors and Chrysler will be given a limited period of time to "restructure in a way that would justify an investment of additional taxpayer dollars." Obama said that both automakers may need to file for bankruptcy "to help them restructure quickly and emerge stronger."
Now, how long will it be before we see business men on the sides of the streets holding a cardboard sign that says will fail for a stimulus package?? I think that if a company is being irresponsible with thier spending, then they should deal with the consequences themselves.
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