iflove Archive for the 'Big Three Auto Bailout' Category

President Bush, addressing recession and dismal jobs report, says he’s ‘concerned about viability’ of Big Three Auto. News from NEW YORK — On the heels of the worst job-loss report in more than 30 years, President Bush on Friday urged Congress to act next week to help the ailing Big Three automakers, but stressed they [...]

Bush and Hill leaders: Job losses argue for auto help; differ on how to pay. President Bush and congressional leaders seized on grim new unemployment data on Friday to rally support for a rescue of U.S. automakers, although they clashed over the terms for aid and where the money would come from.
General Motors Chief Executive [...]