The Bush administration, including Treasury Secretary Henry Paulson, is still in talks with the three automakers from Detroit and the United Auto Workers (UAW), trying to decide just how the Big Three will receive federal help to stay alive. President Bush seems to be convinced the economy can not withstand the effect of the...
Read more →

FOX News is reporting that the House of Representatives has just passed a $14 billion bailout plan to help the Big Three automakers stay alive, despite objections from Congressional Republicans, especially those in the Senate. The vote was 237 to 170 but it may be a moot point because the Senate Republicans may resort...
Read more →

Negotiators in Washington are working into Monday night, in an effort to hammer out the details of a plan that would give the Detroit automakers some $15 billion to tide them over until better economic times. It appears that in spite of the opposition to any bailout plan for the three automakers, Congress and...
Read more →

In spite of the opposition to such an agreement, it appears a deal is close to give General Motors, Ford Motor Company, and Chrysler $15 billion dollars to make ends meet, at least for now. President Bush, who has been against such a bailout for the Big Three, managed to get Speaker of the...
Read more →

Even though the general consensus of the public and the Senate seems to be against a bailout of the Big Three auto companies, certain members of the Senate seem determined to pass a compromise. Carl Levin, D-Mich and Kit Bond, R-MO called a news conference today to announce the plans. From FOX News: Warning...
Read more →

I have touched on this subject in an earlier article, but it looks like pressure is mounting to supply bailout money to General Motors, Ford Motor Company, and Chrysler. Just like happened with the original bailout plan by Henry Paulson, we are being told the time to act is now. The Big Three may...
Read more →