Automakers Lobby Pelosi For Bailout Cash
by Frank Langfitt
House Speaker Nancy Pelosi and House Majority Leader Steny Hoyer (right) meet with Ford CEO Alan Mulally (from left), GM CEO Rick Wagoner, Chrysler CEO Bob Nardelli and United Auto Workers President Ron Gettelfinger on Capitol Hill on Thursday. AP
All Things Considered, November 6, 2008 · The leaders of Detroit's Big Three automakers — Ford, GM and Chrysler — have met with House Speaker Nancy Pelosi to ask for $25 billion in emergency loans. That figure is in addition to the $25 billion Congress approved in September.
Faced with the worst sales numbers in years, General Motors and Chrysler are seeking money to stay afloat.
"They're really in bad shape. Sales were bad when gas pieces were high, but now with the credit crunch and certainly what looks like a recession, consumer demand has really collapsed," NPR's Frank Langfitt tells Robert .. This is one of many articles written about this subject , We would lose 2.5 million jobs..The government know's, let Ford GM and Chrysler pay them or tax money will in unemployment....David