A slender lifeline

From Discourse DB
Jump to navigation Jump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

This is an opinion item.

Author(s) The Philadelphia Inquirer editorial board
Source The Philadelphia Inquirer
Date December 21, 2008
URL http://www.philly.com/inquirer/opinion/20081221_Editorial__Automaker_Bailout.html
Quote
Quotes-start.png "In agreeing to lend the automakers $17.4 billion, Bush really had no options. GM and Chrysler would have run out of money by the end of the month, a failure that could have resulted in the loss of up to three million middle-class jobs next year. On top of the two million jobs lost this year, such a blow would have deepened a recession that is already the worst in a quarter-century." Quotes-end.png


Add or change this opinion item's references


This item argues for the position United States should bail out the automobile industry on the topic Economic crisis of 2008.