{"id":573,"date":"2008-11-18T10:25:37","date_gmt":"2008-11-18T10:25:37","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=573"},"modified":"2008-11-18T10:25:37","modified_gmt":"2008-11-18T10:25:37","slug":"first-banks-now-automakers-to-be-bailed-out-america-or-socialism","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/first-banks-now-automakers-to-be-bailed-out-america-or-socialism\/","title":{"rendered":"First banks, now automakers to be bailed out &#8211; America or socialism?"},"content":{"rendered":"<p>The US administration is <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7734702.stm\">negotiating over a $ 25 billion bail out of the US auto industry<\/a>.\u00a0 This is an oligopoly that has refused to adapt to the market, failing to develop alternative fuel solutions, improve efficiencies or educate consumers.<\/p>\n<p>Chrysler, Ford and GM may be bailed out, to avert massive job losses, though it is almost a moot issue as<a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7733575.stm\"> Citigroup lays off 75,ooo<\/a>, 23,000 this year and 52,000 next.\u00a0 And shouldn&#8217;t it be the oil companies, like Exxon, that puts up the cash after all, that is the company reaping the reward of consumers addicted to oil and their big cars, and they have the cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US administration is negotiating over a $ 25 billion bail out of the US auto industry.\u00a0 This is an oligopoly that has refused to adapt to the market, failing to develop alternative fuel solutions, improve efficiencies or educate consumers. Chrysler, Ford and GM may be bailed out, to avert massive job losses, though it &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/first-banks-now-automakers-to-be-bailed-out-america-or-socialism\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">First banks, now automakers to be bailed out &#8211; America or socialism?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[27],"tags":[],"class_list":["post-573","post","type-post","status-publish","format-standard","hentry","category-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-9f","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=573"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/573\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}