Will Congress Save Detroit?

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Today's Los Angeles Times carried a full page ad by the General Motors Acceptance Corporation headlined "The Auto Industry Matters," and warning about the ripple effects if plants close and laid off workers can't feed their families or pay taxes. Ford CEO Alan Mulally and the CEO's of GM and Chrysler testified on Capitol Hill today along with Auto Workers President Ron Gettelfinger.  They want a federal bailout, but there's no consensus on how or whether to save them. Democrats, Republicans and the Bush White House may let Barack Obama pick up the pieces, even though GM may go bankrupt before he takes office.




Warren Olney


Karen Radziner