Friday, Dec 12, 2008
Auto Bailout lifeline from Bush?
Bloomberg: Bush Willing to Use TARP for Auto Aid, Perino Says
A disorderly bankruptcy by the automakers would be a “body blow” to the U.S. economy, Perino said.The Bush administration will consider using money from the fund intended to rescue U.S. financial markets to prevent the collapse of the nation’s auto companies, the White House spokeswoman said. The Bush administration had warned of a million lost jobs if the industry imploded. (Collapse really would precipitate a HPC in Chicargo).
Posted by alan @ 06:08 PM (183 views) Add Comment
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