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Obama backs short term auto bailout with conditions
President elect Barack Obama urged a limited auto industry rescue tied to restructuring and warned executives to change. He said some leaders may deserve to lose their jobs and pressed Congress to pass a 15 billion loan plan with strings to ensure a viable future for GM Chrysler and Ford while avoiding a full bankruptcy.
MENTIONED IN THIS ARTICLE
Chicago
Barack Obama
Obama
Congress
NBC
Meet the Press
Sen
Christopher Dodd
Connecticut
Blunter
Rick Wagoner
General Motors Corp
Dodd
Senate Banking, Housing and Urban Affairs Committee
White House
Detroit
Chrysler LLC
Ford Motor Co
Carl Levin
Michigan
Levin
Nancy Pelosi
D-Calif
George W. Bush
Capitol Hill
CBS
Fox News