McConnell Weighs In On Auto Bailout
Louisville, KY – The leaders of GM, Ford and Chrysler have been making their case this week
in Washington for a $34 billion government bailout.
McConnell and his Capitol Hill colleagues will debate the matter when the lame-duck
session of Congress resumes next week.
(i haven't decided yet which course i think is best. one thing is not in dispute,
no one wants the american automobile manufacturers to go down...it's clearly a crisis, they--at least gm in particular indicates
it can't make it past the end of the year. nobody disputes that there's a big crisis).
McConnell, the Senate Republican leader, says everyone involved agrees that
the automakers must change their business model, and government assistance
will only come if there's going to be a major restructuring of the industry.