Saturday, November 8, 2008
Will George Bush Help The American Automakers?
The legacy of George W. Bush's Presidency may not be flattering at this point in time, but can President Bush show the American public he still cares?
The Democratic leaders are asking him for help now, the American auto industry is on the brink of collapse and can't wait until January 2009.
The Republican party needs to forget it's dismal 2008 election results and get back to the business of running this country.
Remember Congress breaks for winter in a couple of weeks! The clock is ticking!
The latest report from the Detroit News
Democratic leaders ask Bush to help ailing automakers
David Shepardson / Detroit News Washington Bureau
WASHINGTON -- The top two congressional Democrats warned Saturday in a letter that Detroit's Big Three automakers were "at risk" unless the Bush Administration moved quickly to extend government financing.
House Speaker Nancy Pelosi, D-Calif., and Sen. Majority Harry Reid, D-Nev., also said in the letter to Treasury Secretary Henry Paulson that the government should get equity stake in the automakers in exchange for loans.
"The letter from Leader Reid and Speaker Pelosi is a very positive step," Sen. Carl Levin, D-Mich., said in a statement Saturday. "We in the Michigan delegation have recommended strongly that their suggestion ... is the preferred way forward."
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