Thursday, November 13, 2008

Bail out for the big 3?

As always, the image is a link to the article.

Some random, disconnected quotes to think about:
  • The auto industry supports one of every 10 jobs in the United States. A recent study estimated that 3 million jobs nationwide could be lost in one year if these companies are allowed to fail. The devastating impact would be felt in every state and by all kinds of employees.
  • It is a national-security, energy-security imperative to produce advanced batteries and next-generation biofuels here at home.
  • But time is of the essence. America's auto industry is in crisis.
  • Beyond the $25 billion in loans already approved to help GM, Ford and Chrysler modernize their manufacturing facilities and operations to build more fuel-efficient vehicles, Washington needs to get additional funds to this critical industry with the same urgency they showed in sending help to the financial institutions.

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