Hi there,

If you think Democracy Now!’s reporting is a critical line of defense against war, climate catastrophe and authoritarianism, please make your donation of $10 or more right now. Today, a generous donor will DOUBLE your donation, which means it’ll go 2x as far to support our independent journalism. Democracy Now! is funded by you, and that’s why we’re counting on your donation to keep us going strong. Please give today. Every dollar makes a difference—in fact, gets doubled! Thank you so much.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Dems to Push Auto Industry Bailout Measure

HeadlineNov 12, 2008

Democratic congressional leaders say they’ll introduce emergency legislation next week to include the struggling auto industry in the $700 billion Wall Street bailout. The Democratic plan would give car companies up to $50 billion in taxpayer money. It would either come as a stand-alone measure or as part of a broader package alongside new money for healthcare, food stamps and public infrastructure. President-elect Barack Obama raised the issue with President Bush at their Monday White House meeting. Bush reportedly suggested he would only back an auto industry bailout if Democrats support the stalled “free trade” deal with Colombia. The Colombia trade deal has been help up in part over human rights concerns. On Tuesday, shares in the auto giant General Motors fell an additional 13 percent to its lowest level since 1943. More on this story after headlines.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top