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.”

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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