Showing posts with label Bailout Money. Show all posts
Showing posts with label Bailout Money. Show all posts

Tuesday, November 11, 2008

Bailout-Obama suggested more help for auto industry


WASHINGTON (Map, News) - President-elect Obama suggested to President Bush that the administration immediately provide extra help to struggling U.S. automakers, aides to the Democrat say, in their first face-to-face meeting since Election Day.

Obama's aides said the president-elect brought up the issue with Bush during their two-hour White House talks on Monday, expressing his view that action is needed now, not just to help the U.S. companies but also the broader economy, because of their enormous reach. Obama raised the idea of an administration point person on autos with a portfolio aimed at improving the long-term health of the companies.

Bush repeated his position, recently stated by staff, that he is open to helping the automakers.

Also, amid discussions over whether new economic stimulus spending is needed, Obama focused on his desire for it while Bush stressed that his main priority for any postelection action out of Congress is approval of a long-stalled free trade agreement with Colombia, said people familiar with the conversation between the two men. The sources declined to be named publicly because of the private nature of the talks....more

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Friday, October 31, 2008

The Fed's Say No To Auto Industry Bailout Merger! What is next for the GM Chrysler Merger?


The Fed's Say No To Auto Industry Bailout! What is next for the GM Chrysler Merger?

The latest rumor is that the Feds might consider a bailout plan that doesn't cause massive job cuts! Possibly a bailout deal created for both car companies would be more practical.

It is now time to see if the Michigan leadership, The Union leadership and automotive brain trust can creatively solve this problem. Anyone can cut jobs to save cost, but as we see the direction the economy is going this is not an option to save Michigan!

The mission is save jobs, save the American auto companies and save the economy of Michigan.
Each problem must be solved in concert with one another, if not it will all fail.

Good Luck!

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