RC12L4
11-13-2008, 01:05 PM
Unfortunately he's spreading it the wrong way. I thought the spreading was supposed to go from the top down not the bottom up.
Obama Pushes for $50 Billion for Automakers, Oversight Czar
Nov. 13 (Bloomberg) -- President-elect Barack Obama is pushing Congress this year to approve as much as $50 billion to save cash-starved U.S. automakers and appoint a czar or board to oversee the companies, a move that would require President George W. Bush's support, people familiar with the matter said.
Obama's economic advisers are now convinced that if General Motors Corp. doesn't get a financial lifeline soon, it will have to file for bankruptcy by the end of January. And if the companies don't get almost $50 billion, Obama will be dealing with the issue again by next summer.
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aBlCucXR33Jw
Obama Pushes for $50 Billion for Automakers, Oversight Czar
Nov. 13 (Bloomberg) -- President-elect Barack Obama is pushing Congress this year to approve as much as $50 billion to save cash-starved U.S. automakers and appoint a czar or board to oversee the companies, a move that would require President George W. Bush's support, people familiar with the matter said.
Obama's economic advisers are now convinced that if General Motors Corp. doesn't get a financial lifeline soon, it will have to file for bankruptcy by the end of January. And if the companies don't get almost $50 billion, Obama will be dealing with the issue again by next summer.
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aBlCucXR33Jw