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To: ChanceIs who wrote (114646)	12/5/2008 12:34:01 PM
From: kidl	1 Recommendation Read Replies (1) of 206347

Sorry for a "stupid" question: The big 3 bailout is pretty well a done deal IMO. Assuming that, why the arguments which pot it comes out of? Political posturing? Bush, Hill leaders: job losses argue for auto help JULIE HIRSCHFELD DAVIS Friday, December 05, 2008 WASHINGTON — President Bush and congressional leaders seized on grim new unemployment data on Friday to rally support for a rescue of U.S. auto makers, although they clashed over the terms for aid and where the money would come from. As the Big Three auto chiefs pressed their case for a $34-billion (U.S.) rescue plan in a second day of testimony on Capitol Hill, Bush told reporters in the Rose Garden that Friday's report that employers slashed 533,000 jobs in November was all the more reason to help auto makers. “I am concerned about the viability of the automobile companies” and worried about workers and their families, Mr. Bush said. He said Congress should do it by no later than next week — and make sure that taxpayer money is repaid. Mr. Bush repeated his earlier calls that Congress should dip into a $25-billion program that already exists, set up to help the industry retool to make more fuel-efficient cars. Democratic leaders as well as environmentalists oppose such an approach and argue for help by other means, including taking the money from a $700-billion financial bailout fund being administered by the Treasury Department. Congressional budget analysts have said raiding the fuel-efficiency fund for a broader auto industry bailout would only net $10-billion to $15-billion. © The Globe and Mail

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