uncle bubba

GMAC: Happy to Lend You Some of Your Own Money

One last thought, with the government using the TARP funds to help GM this program may do what it was intended to do. The economy is slow due in large part to people not buying, not putting dollars through the system. If Joe six pack buys a car, the dealer profits, the manufacturer profits. Those profits are paid to employes who in turn spend at the local resturant and stores and the economy starts working its magic as the dollars turn. This seems to me to achieve the ends envisioned by the congress as opposed to the banks who have held on to their funds to make the balance sheet look better without putting the money into the economy.