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White House Steps In to Bail Out Automakers
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.
By Warren Olney • • 1 min readRepublicans 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.
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The full episode
1 of 3Has Barack Obama Split the Difference on Education Reform?- 1:48White House Steps In to Bail Out AutomakersYou’re reading this
- 7:47Can Obama's Education Chief Save the Nation's Schools?
- 42:33Piracy Pays Almost as Well as Working on Wall Street