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CEOs of Big Three Automakers Return to Capitol Hill to Plead for $34B Federal Bailout

CEOs of Big Three Automakers Return to Capitol Hill to Plead for $34B Federal Bailout

The chief executives of Detroit’s Big Three automakers returned to Capitol Hill yesterday to plead for $34 billion in federal aid to bail out the industry. The company CEOs all drove to Washington in hybrid vehicles after being criticized for flying in for hearings last month in separate private jets. Lawmakers said they were not convinced that the automakers could return to profitability even with a massive infusion of government cash. We speak with longtime consumer advocate Ralph Nader and Wendy Thompson, a retired worker at American Axle in Detroit and the former president of UAW Local 235. [includes rush transcript]

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