Bush gives automakers $17.4 billion lifeline

Seeded on Fri Dec 19, 2008 9:52 AM EST (msnbc.com)

The Bush administration came to the rescue of the troubled U.S. auto industry Friday, offering $17.4 billion in loans in exchange for concessions from carmakers and their workers.

business, washington, autos, committee, united-auto-workers, bush-administration, senate-majority-leader, msnbci

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How would you address the dire financial forecasts for the government’s two biggest benefit programs, Social Security and Medicare?
Tue May 12, 2009
- Pay back what you owe my fund. Keep your hands out of the cookie jar. Give NO benefits to ILLEGAL immigrants.
The President has completed 100 days in office. Based on his performance so far, what grade would you give him?
Wed Apr 29, 2009
- How does it feel to not have the water part for your lovely feet Barry? It's tough to make real decision that carry real consequences.
Should high schools adopt late start times to let students sleep in?
Fri Mar 20, 2009
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Who do you hold accountable for the AIG bonus situation?
Wed Mar 18, 2009
- They are all responsible. I'm sick and tired of a smooth talking president thinking that his policies should be put in to place no matter what the cost. I'm sick of my hard earned dollars being wasted on a bunch of crooks!
President to make statement on autos
Fri Dec 19, 2008
- I'm certainly not blaming the line workers - I'm blaming the union and management of the big 3 for they are the one's who have driven the prices up beyond the quality of the product being offered.
President to make statement on autos
Fri Dec 19, 2008
- Could not have said it better JIM.  The Kool-Aid sippers are going to be in for a rude awakening once they realize Obama does not walk on water.
President to make statement on autos
Fri Dec 19, 2008
- This issue is not the problem of any "one" of us individually but us all collectively.  Our fine government - both parties - have sold our souls.  There should have never been any bail outs of any sorts to Wall Street without making it perfectly clear to "we the people" what was …
Bush gives automakers $17.4 billion lifeline
Fri Dec 19, 2008
- I am so disappointed! Unions should have been forced to make concessions before my tax dollars were handed out.
President to make statement on autos
Fri Dec 19, 2008
- This is ridiculous.  The unions should have been forced to renogiate their contracts before any bailout agreement.   I've lived in that "union" part of the country and guess what folks???  That union/entitlement mentality is what has driven the US automakers in to …
As economy sags, so do faces ... and breasts
Fri Oct 3, 2008
- Rather than focusing on what we're cutting back on why not make it a learning point and stop living beyond our means?  Christmas shopping is a huge waste of money.  Give freely of your time & love year round and celebrate the holiday season for its true meaning.

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