Professor Elam

Did you know the auto industry wants $50  billion in 'loans?'  Did you realize that Congress approved $25 B in last years' energy bill?  WE continually examine the deteriorating condition of the domestic auto companies here on the blog. I and others have suggested that Ford and GM have no net worth. This request would seem to cement that idea.  Hm that would be $75 B in loans, right?  Are you connecting the promises that candidates made in Michigan and Ohio with this request.  Does this make youi as a taxpayer happy? Okay the Federal government has re capitalized Bear Stearns, now GM and Ford (will Cerebus owner of Chrysler get part of this deal), and is promising to rescue lots of homebuyers?  Hmm, how much money is in the Bernake cookie jar I wonder?