The Auto Industry
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- Created on Sunday, 03 May 2009 20:40
The domino effect of the financial and housing crisis has continued throughout most of the industries in the world. One of the hardest hit has been the auto industry. As credit is tight, banks haven’t been as willing to loan money for automobiles. Chrysler recently entered bankruptcy. And since when does the president make this announcement for a company? Somehow from this deal, the UAW will now own a stake of the company - thank you Mr. Obama for paying back your constituency groups.