White House Steps In to Bail Out Automakers

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Republicans stopped Congress from bailing out the Big Three. Today President Bush promised $17 billion if GM and Chrysler can meet certain conditions early next year. The President cautioned that "these conditions send a clear message to everyone involved in the future of American automakers: The time to make the hard decisions to become viable is now -- or the only option will be bankruptcy." David Lightman is White House correspondent for the McClatchy Newspapers.




Warren Olney