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Barack Obama backs plea for Henry Paulson to extend bailout to car industry

The Reality-Based Community found this 11/10/2008 on business.timesonline.co.uk

Barack Obama, the US President-elect, has thrown his weight behind a plea to Henry Paulson, the Treasury Secretary, to use some of his $700 billion ( 444 billion) bailout fund to rescue America's car companies. Nancy Pelosi, the Democrat Speaker of the House of Representatives, and Harry Reid, ...