White House Bails Out Auto Industry With $17.4 Billion Loan

The White House will loan the ailing automakers $17.4 billion in exchange for concessions from carmakers and their workers. President Bush said the loans will be called back if the companies are not viable by March 31.

HotAir posted video of the announcement.
Michelle Malkin calls it an expensive joke on taxpayers.

You Might Like

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning. Guest posting is disabled for security reasons.

Announcement: We have disabled the ability to post graphics after experiencing an attack of inappropriate image spam over the last several days. Thanks for your understanding.

You Might Like