Should the Government help the Auto Makers? I mean is it only fair? They did help Fannie Mae, Freddie Mac, Bear Stearns, to name a few..... why not GM and Ford??
Ok, ok, I am biased. I am from Michigan originally, so I know the depth and importance interwoven into the economy and tradition and family what these companies mean to all of Michigan and the entire country
Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest level in a quarter-century. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry
Paulson that the administration should consider expanding the $700 billion bailout to include car companies.
"A healthy automobile manufacturing sector is essential to the restoration of financial market stability, the overall health of our economy, and the livelihood of the automobile sector's work force," they wrote.
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