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Stage Set For Auto Bailout Debate

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With debating about to commence on the $25bn bailout of the auto industry at the Senate a leading Republican figure has set an unpleasant tone with comments that the proposed bailout is destined to fail.

[Source - Reuters]

Written by John Doree

November 16, 2008 at 11:00 pm

Posted in Business, Economics, US Politics

Tagged with , , , ,

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One Response

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  1. In the case of the auto-makers’ bailout, it’s a relief to have a national issue that is so straightforward: American cars tend to suck therefore people are not buying them. If GM and Ford don’t want to go out of business, they should start making decent cars. To bail them out would be to reward their terrible manufacturing standards.

    patrick

    November 17, 2008 at 2:32 am


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