White House takes "available" time for autos

[Joanne98]

Source: reuters

WASHINGTON (Reuters) - The White House was studying on Saturday how best to rescue collapsing U.S. automakers, a day after picking up the pieces of a failed congressional bailout plan.

The Bush administration stepped into the auto fray on Friday, saying it would consider tapping a $700 billion fund set up to rescue Wall Street banks, after Congress failed to pass a bailout.

Auto company executives and analysts have said that General Motors Corp and Chrysler LLC need immediate help to avoid bankruptcy. Ford Motor Co is in slightly better financial shape but says it needs a major line of credit.

Bankruptcy of one of Detroit's Big Three would be a body blow to the U.S. economy, which is already in recession, immediately hitting car parts makers and car dealers, as well as manufacturers.



Read more: http://www.reuters.com/article/topNews/idUSTRE4B50CL20081213

[Vincardog]

1. Correction W will consider tapping a $700 billion fund after he told Congress not to and the GOP

blocked the democratic attempt to appease the lame smug little shit

[Better Believe It]

2. The Bush government wants an "orderly" bankruptcy of GM?

A senior administration official, speaking on condition of anonymity, said no announcement was expected this weekend.

"We're considering the full range of options with respect to the automakers, and we haven't indicated what we will do, except to note that disorderly bankruptcy is something we should try to avoid," the official said.

[Deny and Shred]

4. "Orderly Bankruptcy" is double-speak for union busting (eom)

[AllentownJake]

3. Maybe he should take airforce one over MI, OH, IN, and Western PA

worked for him before...oh wait it didn't.

[HopeHoops]

5. There can't be much "available" time left - so many EPA regulations to trash!

And favors for big business, wildlife to destroy, foreign countries to piss off, crooks to pardon, booze to drink, video games to play, you know the drill.

[truthisfreedom]

6. Exactly.

We'll save America... if we get around to it. We're busy helping out polluters at the moment.