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Politics : Politics for Pros- moderated

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To: Murrey Walker who wrote (284652)12/18/2008 11:43:13 AM
From: Oral Roberts1 Recommendation  Read Replies (2) of 794027
 
At long last someone is starting to zero in on the proper way to help the auto companies get out from under the UAW and their other problems. Let us hope this moves forward.

Bush considering "orderly" auto bankruptcy
White House considering "orderly" bankruptcy to deal with ailing automakers


White House press secretary Dana Perino said Thursday, "There's an orderly way to do bankruptcies that provides for more of a soft landing. I think that's what we would be talking about."

President George W. Bush, asked about an auto rescue plan during an appearance before a private group, said he hadn't decided what he would do.

But he, like Perino, spoke of the idea of bankruptcies organized by the federal government as a possible way to go.

finance.yahoo.com
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