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Politics: White House, Congress Agree on Auto Bailout Deal
December 10th, 2008The White House and Congress agree on auto bailout deal. The White House and congressional Democrats reached a tentative agreement Tuesday night to bail out the auto industry with $15 billion in loans. According to a Bush administration official and a Democratic aide, the plan maps out key points, but there are a few details still to work out before the bill is ready for a vote, which could take place as early as Wednesday. The bailout would allow GM and Chrysler to avert a threatening bankruptcy through March, and would designate a “car czar” to help the companies restructure. Ford Motor Co, which has not requested immediate help, has asked for a line of credit in case its finances worsen, according to Reuters. Congressional Democrats and the White House have agreed that the money would come from an Energy Department fund established in September to help Detroit make more fuel-efficient cars. Key Democrats urged both President Bush and President-elect Barack Obama to help rally bi-partisan support for the pending measure, Reuters reported. by Democrats and Republicans for the pending measure.
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If anything that can bounce the (Economy) back will then so be it people are struggling to keep their heads above water right now so if there is a decision to make (WallStreet) jump again then please do-it because the un-employment rate has sky-rocketed and a lot of people dont know what to do but make (crime) I think the more (Jobs ) that are availble then the less crime we will see that why I believe in MR.Obama that when he say that it is going to be a struggle but (We Can Do it Together as 1) that what going to make (everything ) better if we all work together to bring *(America)* back on its feet .Im inspirational about wanting better thing not just for my self but for all because ,we as Americans have the power to control whats going -on in our (Country)…….
I’m glad they got the bailout, We need some help.
Myra From Detroit
They are going to “VOTE” on the Bridge Loan! This is not a ‘BAILOUT”.The Southern Senators are against the loan! Nothing is certain with this!
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