Yep, another "D-word," only this time it's "Depression."
"We're on the brink with the U.S. auto manufacturing industry. We're down to months left," Chrysler's vice chairman, Jim Press, said in an interview. "If we have a catastrophic failure of one of these car companies, in this tender environment for the economy, it's a huge blow. It could trigger a depression."
As of Wednesday, it still looks like the votes aren't there to get this bailout (or whatever you want to call it) passed. So expect a sales pitch today from the Big Three leaders, as if their lives depended on it, because it just might.
Then again there may be some hope. Here's Inside Line's take:
Sympathy May Be Rising for Beleaguered Detroit Automakers
Image: EVAN VUCCI/AP
orangutan says:
08:06 AM, 12/ 4/08
I like that "Sympathy" article. It's a nice juxtaposition with reality:
http://www.cnn.com/2008/POLITICS/12/03/auto.poll/index.html
flicmod says:
08:50 AM, 12/ 4/08
It's a proven propaganda technique to yell as loud and as repetitiously as you can. If you do it long enough, you'll convince people you're right.
All media does this. And Edmunds IS the media.
ateixeira says:
10:05 AM, 12/ 4/08
They all have that look on their face that is saying, "We DROVE all the way here, darn it, give us billions now!" LOL