Help For Auto Makers Moves Forward
Call it a rescue plan, call it a loan, call it a bailout: can we call it a done deal?
Democratic leaders in Congress and the White House will meet again on Saturday to negotiate a rescue plan to help U.S. automakers, a congressional source told Reuters on Friday.
Nancy Pelosi abandoned her objection to using an existing $25 billion advanced technology fund to help pay for the bailout rescue plan loan. She conditioned her compromise on "a guarantee that those funds will be replenished in a matter of weeks” to avoid delaying the development of more fuel-efficient vehicles.
Congress needs to provide oversight and assure accountability, but do we really need a car czar? Can we at least get rid of the drug czar to preserve a proper balance of czardoms? [more ...]
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