“If there is anything I would be willing to put cash on the table in the form of a bet, it would be my prediction that in the name of saving thousands of American jobs (REMEMBER THAT LINE), General Motors will come under the full umbrella of the Federal government.” (”Further Proof To Why I Think GM Will Become The Next VW“)Just today~Democrats urge federal stake in big auto companiesWASHINGTON – Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies. (more…)And this…““Senate Democrats are committed to doing all we can to help the auto industry. Next week, during the lame-duck session of Congress, we are determined to pass legislation that will save the jobs of millions of workers whose livelihoods are on the line. They deserve no less,” said Senate Majority Leader Harry Reid (D-Nev.).”Well whatdaya know, history DOES repeat itself.
