It worked (to some extent). The Big Three could be getting their billions in no time. Woo-hoo! Though it’s not the original over-inflated amount, Democrats in the US Congress have announced they will introduce a bill making up to 15 billion dollars available in immediate aid for the US automobile industry. Part of the bill includes creating a presidentially named “car czar.” (Hurrah for funny alliterations!) The federal overseer would supervise a broad industry restructuring and would be empowered to yank the money back if the car makers weren’t doing enough to ensure their own survival—such as the continual outpouring of crappy cars that the consumer doesn’t want. Needless to say, the corporate jets have got to go!
Step right up; which industry is next in line for a bail out? Skeptics think the Big Three will burn through the money by April. Let’s look forward to Big Three Spring Break Washington D.C. 2009!