blogs.wsj.com - 11/17/2008
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Henry J. Pulizzi reports from Washington.
The White House sought to clarify its stance on helping struggling U.S. auto makers, saying the companies should receive funds from the Department of Energy’s existing $25 billion loan program, but not an additional $25 billion from the government’s financial-market rescue package.
“We should not seek additional funding while $25 billion sits available in a program that was designed for auto makers,” White House spokeswoman ...
theamericanscene.com - 11/17/2008
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theamericanscene.com —
Andrew Sullivan points to an article by Jonathan
Cohn in the current TNR arguing for the proposed...
automotive bailout. The core of Cohn’s argument is that the Big 3 are turning around, and that the bailout will give them time to complete ...
(more)
Detroit: Same Old, Same Old
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White House Rejects New Auto Funds
News —
... The Bush administration said that troubled U.S. automakers should not receive an additional assistance package, emphasizing Monday that the companies should receive expedited loans from the $25 billion plan approved earlier this fall. “We should not seek additional funding while $25 billion sits available in a program that was designed for auto makers,” White House spokeswoman Dana Perino said in an email, reported by the Wall Street Journal . “The Administration does not want U.S. auto makers to fail, and in fact we support assistance to auto makers," Perino said, calling on ...
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