Monday, March 30, 2009

Obama's Remarks on the U.S. Auto Industry - Washington Wire - WSJ

Here is the prepared speech that President Obama just delivered. The words about Chrysler are extremely alarming: 

If they are successful (FIAT merger within 30 days) "we will consider lending up to $6 billion to help their plan succeed."…”in the absence of any other viable partnership, we will not be able to justify investing additional tax dollar to keep Chrysler in business.”

Click on the following:

Obama's Remarks on the U.S. Auto Industry - Washington Wire – WSJ

Here is the latest update from the NY Times:  http://www.nytimes.com/2009/03/31/business/31auto.html?hp

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