Will Washington Rescue Detroit's Big Three?

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The Big Three bailout passed the House but stalled in the Senate today, even after Barack Obama warned that collapse of the auto industry would have "a devastating ripple effect" throughout the economy. In the Senate, Republicans, many of them from the South, were still saying, "No."  On this rebroadcast of today's To the Point, we hear whether regional interests are playing a role in preventing what Democrats, including Barack Obama, call a disaster of national proportions.

Credits

Guests:
Todd Spangler - Detroit Free Press, James Rubenstein - co-author, Who Really Made Your Car?, William Diem - Paris-based automotive journalist, Daniel Howes - Detroit News - @detroitnews, Yves Smith - financial consultant and blogger

Host:
Warren Olney