Mr. P
09-25-2008, 03:06 PM
Why hell NO!
By Justin Hyde • Free Press Washington Staff • September 24, 2008
WASHINGTON -- The U.S. House today approved $25 billion in loans for the troubled U.S. auto industry. Michigan lawmakers hailed the plan as key toward saving thousands of jobs in the state and vowed to press for another $25 billion next year to boost the industry’s retooling.
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The loan deal dwarfs the $1.2-billion bailout of Chrysler Corp. in 1979, and reflects the economic crisis threatening the survival of Detroit automakers and the companies that rely on them. Automakers had made the loans their priority over the past several weeks, sending all three chief executives to blitz Congress.
http://www.freep.com/apps/pbcs.dll/article?AID=/20080924/BUSINESS01/80924069
By Justin Hyde • Free Press Washington Staff • September 24, 2008
WASHINGTON -- The U.S. House today approved $25 billion in loans for the troubled U.S. auto industry. Michigan lawmakers hailed the plan as key toward saving thousands of jobs in the state and vowed to press for another $25 billion next year to boost the industry’s retooling.
Advertisement
The loan deal dwarfs the $1.2-billion bailout of Chrysler Corp. in 1979, and reflects the economic crisis threatening the survival of Detroit automakers and the companies that rely on them. Automakers had made the loans their priority over the past several weeks, sending all three chief executives to blitz Congress.
http://www.freep.com/apps/pbcs.dll/article?AID=/20080924/BUSINESS01/80924069