Well we expected them to do something and here it is. A stopgap measure designed to put the American Big Three auto industry on life support through the early part of next year.
With time short, Congress tries to seal auto deal
WASHINGTON (AP) — Racing to seal a deal with the White House, Democratic congressional leaders dispatched aides Saturday to draft an emergency $15 billion aid package to pull Detroit's Big Three automakers from the brink of collapse.
Capitol Hill leaders prepared to sell yet another bailout to a skeptical Congress. It is an uphill battle: The anger is fresh over how the Bush administration used the $700 billion Wall Street rescue fund and lawmakers are questioning whether the once-mighty auto giants can survive.
Of course Bush doesn't like the idea ofhelping these non-wealthy, non-Republican auto workers.
"Taxpayers should not be asked to finance assistance for automakers without a strong likelihood that they will be paid back," Perino said in a statement Saturday.
Taxpayers dole out billions to farmers year after year without ever getting paid back.