BUSH signature started worldwide socialism: GM $25bn, EU-Automakers ask for $50bn from government
Corporate national socialism
The Bailout program, just started turns into worldwide socialism competition. First waste the money, second kill all innovative competition with mergers. If you finally are bankruptcy ask government to keep you alive and give an upfront retainer on bailout money for the wealthy.
Kill the Dinosaurs
Constructive destruction of the dinosaurs is the solution. Middle class reintroduction.
Bancruptcy bankers into prison; remaining banks forced to give credit to middle class entrepreneurs.
PARIS -- Europe's car makers plan to ask the European Commission for a €40 billion ($55.22 billion) loan to accelerate the transition to environmentally friendly cars, a spokesman for Italy's Fiat SpA confirmed Saturday.
The request follows a similar move in the U.S., where Congress approved $25 billion in loans to help U.S.-based automakers for Hybrid cars