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Economic/Mortgage Crisis Bailout (2008)

Automobile Industry Bailout

 

 

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Bailout Crisis Home

 

Copyright © 1998-2009 Roger A. Lee and History Guy Media; Last Modified: 02.16.09

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As the economic crisis in the United States and throughout the world deepened after the U.S. presidential election in 2008, the initial willingness of Congress and the White House (under Bush), to bailout the financial industry with the $700 Billion TARP program, led many in other affected industries to also seek out financial aid to avoid financial ruin and bankruptcy. The Unites States automobile industry, specificially the "Big Three" of General Motors, Ford, and Chevrolet, to plead their case to Congress for a part of the bailout money.

 

Links and Resources on the Auto Industry Bailout proposals and details:

 

Detroit Automakers Await Deal on Auto Loans: US automakers discuss aid for troubled auto industry with Bush administration--ABC News, Dec. 15, 2008

Tough line on auto bailout may extend to other industries--Christian Science Monitor, Dec. 14, 2008

After bailout failure, who are the top ‘car czar’ candidates?--Michigan Messenger, Dec. 14, 2008

Auto bailout's death seen as a Republican blow at unions - LA Times, Dec. 13, 2008

Cheney: It's 'Herbert Hoover' time--Politico, Dec. 12, 2008

$14B auto bailout dies in Senate - Yahoo! News, Dec. 12, 2008

White House may tap Wall Street fund for autos - Autos- msnbc.com, Dec. 12, 2008

U.A.W. Makes Concessions--AARP Bulletin, Dec. 4, 2008

Auto bailout debate: What's at stake - CNN--Nov. 17, 2008

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