local paper

There was a sort of begging by local car dealers about how the big 3 need a bailout, in my local paper.

My agnostic mood on this is well documented. BUT... Significant contraction is needed in the auto industry, as with Home construction/finace. It still hasn't gotten through thick heads that they need to be smaller, and that they need to fire people etc.... instead of hoping for a 'Bridge' to get them through. It doesn't seem clear to CFO's that 3% money is gone and all the financing that went with the 3% money.

I'll propose that the most likly outcome will be that they will just use the money, and bleed it out over 6 months, still in denial of a "contraction"