Ian on the cost of bailing out GM et al
November 18th, 2008 by Sonny
Does this help put a little perspective on the whole thing?
Firedoglake » Bush to US: Suck on 3 million more job losses
Note that the cost of bridge money to get the Big 3 (GM in particular) to where the new Congress and President can pass a bill to restructure them for long term viability is about 20 or 30 billion. Considering 700 billion has been put aside for financial firms who are paying themselves 70 billion in bonuses, you’d think the money could be found.
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