WSJ: $25 Loan to Detroit Automakers Practically a Done Deal

Article at the Wall Street Journal (found at Some Assembly Required).

Once again, I am embarassed to admit that I projected the automaker bailout for 2009.  But technically, I’m still right since we’ll probably have another $175 billion to $275 billion being sent to Detroit in 2009.  The Volt probably isn’t coming out until 2010 (if battery development isn’t too far behind schedule), and no one is buying any American cars between now and then.

Good timing on this one though.  The average taxpayer wouldn’t even spit at $25 billion at this point.  ‘Tis the season to be bailly.

… and the cow goes moo