Today, December 12, 2008, General Motors ( GM ) and Ford ( F ) stocks are hurting as the auto bailout failed in the Senate last night. As you can see below, both stocks are under extreme pressure as well as the Stock Market Futures. We should hear soon from the White House whether or not they will use TARP money to hold these companies ( along with Chrysler ) over for the next few months or face bankruptcy. Bankruptcy would cause over 2 million people to lose their jobs adding pressure to the unemployment in America. Most think President Bush will not let this happen. Stay Tuned......
Stock Quotes 12/12/08
Ford ( F ) Pre Market - $2.53
General Motors ( GM ) Pre Market - $3.18
Ford ( F ) Open - $2.73
General Motors ( GM ) Open - $3.45
Ford ( F ) Close - $3.03
General Motors ( GM ) Close - $3.91
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