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Auto Makers Settle for Tough Love

Source: Asian Wall Street Journal

Washington : DC : USA | about 1 year ago

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It was a dose of tough love that President-elect Barack Obama offered the American auto industry Monday. America shouldn't let the auto makers "vanish," he said at a news conference. But the auto companies should get help, he added, only when they show a better plan for pulling out of their...

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News Stories

Obama Chides Auto Makers

News Source: Asian Wall Street Journal | about 1 year ago

Lawmakers sent Detroit packing last week, saying the Big Three auto makers had to establish their financial viability before any bailout, but it moved quickly over the weekend to give Citigroup Inc. $20 billion and promised as much as $275 billion...
Auto Makers Settle for Tough Love

News Source: Asian Wall Street Journal | about 1 year ago

It was a dose of tough love that President-elect Barack Obama offered the American auto industry Monday. America shouldn't let the auto makers "vanish," he said at a news conference. But the auto companies should get help, he added, only when they...
Capitol Hill feels Obama's hand

News Source: Christian Science Monitor | about 1 year ago

Washington Even before taking office, President-elect Barack Obama is becoming an essential player in decisionmaking on Capitol Hill. From the pre-Thanksgiving “pardon” of Sen. Joseph Lieberman (I) of Connecticut to the shape of an economic...
Broom times: Democratic cleanup in Congress helps Obama

News Source: Pittsburgh Post-Gazette | about 1 year ago

Although the composition of the full Senate is not yet determined, the now expanded Democratic majority in Congress is beginning to reconfigure itself to carry out President-elect Barack Obama's agenda. A significant move in that domain was the vote...