Bush says auto bailout not ready
Monday, December 15, 2008 : PermalinkReuters – President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry’s fate clouded in uncertainty for a little longer.
"We’re not quite ready to announce that yet," Bush told reporters on Air Force One during a flight from Baghdad on an unannounced visit to Afghanistan.
He had been asked when he might make an anticipated announcement about tapping a $700 billion financial industry bailout fund to aid General Motors Corp, Ford Motor Co and Chrysler LLC.
Asked whether he was leaning toward using financial bailout funds, Bush said: "I signaled that that’s a possibility."
Tags: academics, auburn-hills-michigan, chrysler, congressional-approval, dealer-operations, dphiq-pk, government-funding, investment-arm, may-24, roel-campos, setback, silicon-valley, square-metres
trackback from your site.