Professor George W. Bush Teaches Negotiating 101
So the automakers got their bailout today. And they got very lenient terms to whip themselves into shape in the next three months. At least we're keeping up the facade of holding their feet to the fire, right? Wrong...check out this quote (courtesy of the WSJ) from President Bush:
"We lost 533,000 jobs last month," Mr. Bush said in an appearance Thursday. "What would another million jobs lost do to the economy? What would that do to the psychology in markets? What would that do -- how would that affect the working people? And so as you can tell, we're all in, in this administration. And if need be, we'll be in for more."
Great...crash the car, son...I'll buy you another one jiffy quick.