Originally Posted by kane

I heard today that the car makers have admitted that the total they could need could approach somewhere in the area of 100 billion. That is a lot of money. At least they have said they are willing to give some concessions like selling jets and executive pay cuts and they are open to strict supervision and oversight. Unlike most of the bailouts this would be a loan and last time the government loaned car companies money they got it back faster than expected.

I personally think the economy will bottom out sometime in January. Right now we have the holidays and people are spending money and kind of ignoring problems as much as they can. After the new year the bills for the holidays will come due, all the extra Christmas workers will be let go and thins will be ugly. Hopefully once the market bottoms out Obama and his team will have a good plan in place to get things jump started quickly.