Thursday, September 25, 2008

(Big) Brother, can you spare me a dime?

A month ago, I blogged about the big three automakers pushing for subsidies from the feds. Well, they have it, and Rick Newman explains the 25 billion dollar gift check from us, the taxpayers. It gets worse; Newman writes that "There's more aid coming. This year's $25 billion is just a down payment. The automakers now plan to ask the government for another $25 billion in loans next year. It's just spare change, after all."
(via Megan McArdle)

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