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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Oral Roberts who wrote (283992)12/12/2008 1:04:29 PM
From: Oral Roberts  Read Replies (1) | Respond to of 794032
 
White House considers help for car makers
White House says it may step in to help automakers with Wall Street bailout money

"The current weakened state of the economy is such that it could not withstand a body blow like a disorderly bankruptcy in the auto industry," White House press secretary Dana Perino said.

Treasury spokeswoman Brookly McLaughlin said, "Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry."

finance.yahoo.com

Since the Congress and the Senate failed to nationalize the auto industry I Lord Bush and Paulson and Bernanke will do so.