Cars and Drivers
A Change Of Heart At The White House About Car Bailout
Published:
Now that the Senate has blown any chances of saving the auto industry before its first session next year and facing claims by GM (GM) and Chrysler that they are out of money, Bush may not want to be viewed as the president who ruining the America car industry.
According to several wire reports "The Bush administration will consider its options to save the auto industry, including using the $700 billion funds under the Troubled Asset Relief Program, White House spokeswoman Dana Perino said Friday."
Douglas A. McIntyre
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