6 Votes

Boost it!

Congress Moves To Loan $25 Billion More To US The Auto Industry

Agent009 submitted on 11/5/2008 Official AutoSpies Timestamp: 9:01:52 AM

15 user comments | Category: Misc News | Source: | SOURCE: www.detnews.com

House Speaker Nancy Pelosi met with key House Democrats on Monday to consider a variety of ways to aid the struggling U.

S. auto industry.

The hourlong meeting focused on whether Congress should move to quickly approve up to $25 billion in "bridge financing" to aid automakers through a mounting fiscal crisis. The money would be in addition to the $25 billion auto loan program funded by Congress in September to help retool factories to build more efficient vehicles.

Drew Hammill, a spokesman for Pelosi, said "discussions (are) ongoing," but declined to elaborate on Monday's meeting.

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Congress Moves To Loan $25 Billion More To US The Auto Industry

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Agent009

"If everything seems under control, you're just not going fast enough."

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User Comments

KZ258

^^LOL!

— KZ258 (View Profile)

Posted on 11/5/2008 4:26:02 PM | reply to this comment | Votes: 2   

KZ258

"The US dosent have a national health care So the big 3 have to pay for thier workers health care through agreements set up between them"

no duh. they're definitely not the only companies that offer free health care. if you want to superb coverage, work for Microsoft or IBM...they literally cover anything with no co-pay or additional costs

— KZ258 (View Profile)

Posted on 11/6/2008 10:02:47 AM | reply to this comment | Votes: 0   

KZ258

ok i see your point(i guess), but that is not the reason why the american car companies are suffering. like you said, it is only a disadvantage and thats it.

i mentioned MS and IBM's healthcare under the misunderstanding of thinking you also wished GM/ford/etc could provided better coverage. i should of read more carefully

— KZ258 (View Profile)

Posted on 11/6/2008 5:10:54 PM | reply to this comment | Votes: 1   

woood

This is money down the toilet. For Sure!

— woood (View Profile)

Posted on 11/5/2008 10:30:59 PM | reply to this comment | Votes: 0   

ctsang

Give them 25 billion, people still won't buy their cars.

— ctsang (View Profile)

Posted on 11/6/2008 12:43:34 PM | reply to this comment | Votes: 1   

ctsang

Give them 25 billion, people still won't buy their cars.

— ctsang (View Profile)

Posted on 11/6/2008 12:44:19 PM | reply to this comment | Votes: 1   

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