If we do nothing, many businesses may fail. Sonic Corporation, a drive-in restaurant chain based in Oklahoma, learned on Thursday that one of its lenders, GE Capital, had stopped extending new loans to the chain's franchisees. That will block plans to rebuild restaurants, add equipment and open new locations.Much as I hate to say it, Johnny has a point here. I mean, whatever would middle America do without its Extra Long Chili Cheese Coney & Tots and Banana Pudding Shakes? Clearly, the federal government must act quickly to float ventures such as GE Capital, one of four major units of the second-most profitable company on the Forbes 500.
Tuesday, September 30, 2008
Act now or lose weight
While McCain was using his platform at an economic forum to claim that Venezuela is a Middle Eastern country, his campaign sent out an email to its supporter list (I still haven't been removed) that offers an interesting look into the candidate's rationale for backing the bailout:
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