"In spite of tens of billions of taxpayer dollars and many promises to reform the way they do business, it’s clear that management, unions and investors have not yet produced viable plans that would allow the companies to survive without massive infusions of taxpayer dollars. This is a disappointment: How many times do the taxpayers have to provide bailout money on the promise of reform?"
"We are now told these two companies are getting their last check from the taxpayers, and that if they don't finally come up with truly viable plans then they'll be forced into bankruptcy. Unfortunately, we've heard this before, from both this and the previous administrations."
Check back often for news and commentary about Kentucky by David Adams. Contact via email: kyprogress(at)yahoo.com or Lexington area telephone 537-5372.
Monday, March 30, 2009
McConnell sounding more like Bunning
Sen. Mitch McConnell had this to say today about the continuing bailout mess: