When the $17B Runs Out, Carmakers Will Still Need Help
President George W. Bush might have made the initial installment of the auto industry bailout, but ultimately it is President-elect Barack Obama who will be "the decider" on how big a hit labor takes and how big the final tally will be.
In a sternly worded radio address today, President Bush issued a dire warning to the Big Three automakers: Restructure -- fast -- or you're on your own.
"The time to make the hard decisions to become viable is now – or the only option will be bankruptcy,"... Full Story
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