Chicken a la Detroit


	Chicken a la Detroit

Brian Wingfield

11-20-2008 8:10 AM

776 views

tags:

detroit, bailout, gm, ford, chrysler

Brian Wingfield says:

The White House and congressional Democrats seem to be playing chicken over a bailout for the auto industry. The WH wants to cut some of the strings on $25 billion in loans that can go to the Big Three fairly quickly. Dems say the WH has the power to give the auto industry a portion of its $700 billion TARP funds immediately. The unknown variable: will a bankruptcy filing by any of Detroit's Big 3 tip the recession into an even deeper downturn? Is that a risk the government should take right now?

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