OFFBEAT MAIL

President Barack Obama today announced the final move the government could do to help General Motors and Chrysler, two of the long established icons in the United States automobile industry for a long time now. The government's intervention to keep them back on their feet again was enlivened by the president's pronouncement over the federal government's plan to avail at least 60 percent in bailout money to help GM undergo complete restructuring , after filing the Chapter 11 bankruptcy protection. However, the government's assurance of billions in bailout money doesn't mean that their operations will be the same again. That's the beauty of it all. But the ugly part is when GM and Chrysler would be cutting thousands of employees if only to keep their operations going. A test case scenario was already felt by a large number of auto dealers when they got notices for them to close down their outlets owing to the on-going financial turbulence that affected its opera...

There is something that keeps bothering me as I write this article. This is particularly true with the present recession that plagues the United States economy, whose wide-ranging impacts on the rest of the world is beyond compression. Albeit, it was at least good that President Barack Obama was able to prod US legislators to approve one of the biggest stimulus bills the United States has ever had without so much fanfare. As the implementing guidelines on how the billions of money could be distributed are still being worked out, I couldn't help but be amused at how the money, especially for the automakers' bailouts are being considered, in order to help the American automakers lessen their operational sufferings in light of the present economic situation in America, wherein tens of thousands of workers have now been given their pink slips because their employers could no longer afford to sustain their salaries. What is surprising, however, in this kind of economic situation is ...