President-Elect Obama: No Blank Check For Automakers

One of the first questions President-Elect Obama received at a major economic press conference held today related to the auto industry and, after stock comment about the importance of the industry and the responsibility of the government to assure it doesn't vanish, Obama makes the point they can't simply write a "blank check" to an industry so historically "resistant to change." Obama essentially echoes the Congressional Dem's request for a not-awful plan and expresses disappointment with the no-so-Big Three for putting on a bad show in their testimony, which wasn't much better than the SNL sketch mocking it. Sadly, there was no mention of saving the shrinking auto journalism industry. [CNN]

Advertisement

Share This Story

Get our newsletter

DISCUSSION

poxpopulus
poxpopulus

I have no problem with a massive bailout for US Automobile journalism; but we must demand accountability,. No more out-sized four-figure salaries, no more $7.00 per-diem for trips, an end to lengthy stays at luxe Holiday Inn's; its La Quita from now on. And those Greyhound pleasure cruises for every trip over six hours is toast. It's time to get back behind those Selectics.