TITLE

Congressional caterwauling over auto industry

AUTHOR(S)
Kuehn, Don
PUB. DATE
February 2009
SOURCE
American Teacher;Feb2009, Vol. 93 Issue 5, p17
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author criticizes the U.S. Congress for its attitude toward plea of the domestic automobile industry for bailout to cope with the financial crisis. He explains that the $25 billion being asked by the three major automobile firms in the country are small compared to the hundreds of billions in federal bailout that went to financial companies such as Bear Sterns, Fannie Mae and AIG. He discusses the importance of the automobile companies to the nation's economy and that the government has an obligation to help them survive the crisis and thrive.
ACCESSION #
36347587

 

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