Jump to content

White House, Democrats reach deal on $15 billion auto aid


RangerM

Recommended Posts

Normally, I stay out of the employee section, since I'm not one, but I figured you needed to see this. I'll leave now.

 

Link to article

 

WASHINGTON (Reuters) – Democratic leaders and the White House reached a deal to provide billions of dollars in relief to the ailing U.S. auto industry, a senior congressional aide told Reuters on Friday.

 

The package, which Democratic leaders hope to win passage of next week and send to President George W. Bush, totals between $15 billion and $17 billion, the aide said, speaking on condition of anonymity.

 

The amount is far less than the $34 billion requested this week by General Motors, Ford Motor, and Chrysler, but Democratic leaders believe the money will keep them going until Barack Obama replaces Bush as president on January 20 and a new effort can be made for a rescue plan.

Link to comment
Share on other sites

my feelings are if they go into bankruptcy and then come out of it reorganized that they'll still have to deal with the union and it's needs if they intend to reopen at all. the unions won't AND shouldn't just go away. not for their members active or retired who have given their all for their respective company. the unions should be like the fram oil filter man "pay me now or pay me later"but you will pay!!! and if the fed.gov.OR those 2 hillbillys don't realize this then they'll find this out soon enough.

Edited by macattack
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...