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afp.google.com - 11/10/2008

Obama's chief of staff urges swift help for auto industry

— afp.google.com — Obama's chief of staff urges swift help for auto industry 21 hours ago WASHINGTON (AFP) President-elect Barack... Obama's chief of staff Sunday urged swift action to rescue the US auto industry, which is in peril due to flagging sales, job cuts and the ... (more) Obama's chief of staff urges swift help for auto ...

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finance.yahoo.com - 11/13/2008

Failure of auto industry could set off catastrophe - Yahoo! Finance

— finance.yahoo.com — DETROIT (AP) -- Advocates for the nation's automakers are warning that the collapse of the Big Three... -- or even just General Motors -- could set off a catastrophic chain reaction in the economy, eliminating up to 3 million jobs and depriving ... (more) Failure of auto industry could set off catastrophe - ...

Congress

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wonkroom.thinkprogress.org - 11/14/2008

If It Happens, The Auto Industry Bailout Needs To Be Done Right

— wonkroom.thinkprogress.org — There seems to be a growing consensus in Washington that the federal government needs to bail out... America’s auto industry. The Wall Street Journal reported today that Sen. Harry Reid (D-NV) and Rep. Nancy Pelosi (D-CA), in a letter sent ... (more) If It Happens, The Auto Industry Bailout Needs To Be ...

Congress

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Will Obama Appoint A "Car Czar"?
The Volokh Conspiracy — From Politico.com : President-elect Barack Obama wants a high-profile point person to oversee reforms in the ailing auto industry, according to members of Obama’s transition team. Specifics about the proposal remain unclear. But the transition team says Obama suggested to President Bush on Monday that aid to the auto industry could be coupled with the appointment of “someone in charge of the auto issue who would have the authority” to push for reforms. The details came from a more extended readout of the White House meeting provided Tuesday. The person would assist in efforts ...

Drawing the line
QandO — ... And there’s little doubt that once Obama is inaugurated, such a bailout will indeed be passed. The only question, apparently, is will that be too late for GM? ...