Federal Loans to Automotive Industry
President Bush spoke about financial aid to the automotive industry that would provide $13.4 billion in emergency loans to prevent the… read more
President Bush spoke about financial aid to the automotive industry that would provide $13.4 billion in emergency loans to prevent the collapse of General Motors and Chrysler, and another $4 billion in February if companies demonstrate they can return to profitability. He also said that he did not believe bankruptcy was a suitable alternative because it would lead to lower consumer confidence. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Bush, George W. U.S. President [R] United States
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