Wednesday, February 4, 2009

Auto-Suppliers Next In Line For Government Handouts

Apparently the latest beggar in front of Geithner's office was MEMA, the Motor & Equipment Manufacturers Association, which represents US auto suppliers who are asking for $10.5 billion in handouts (that's about a $1000 per car for 2009). They will of course receive the cash - after all what kind of non-protectionist government doesn't directly subsidize half its industries, after it has already dropped half a trillion on retarded bail out schemes. Sphere: Related Content
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