GE Bailout

Well I have no idea what these people in Washington are thinking. Why are you going to bailout one of the countries leading companies. GE does have one bad arm in it's corporation. But still everything thing else they do should hold it up.

General Electric Co. said the U.S. government agreed to insure as much as $139 billion in debt for lending arm GE Capital Corp., the second time in a month it has turned to a federal program designed to help companies during a global credit crunch.

This is crazy. The national debt keeps climbing for every american and these rich Fat cats are just getting richer and richer on our tax dollars. I hope the new presidency taking over changes some things, but even if they have to best intentions they might fight a lost battle because everything might be gone by the time they get into power.