big 3

Now Bush is "Considering Orderly Bankruptcy" for the U.S. Auto Manufacturing Sector

U.S. auto manufacturing being hung out to dry? It sure looks that way!

Today Bush said he is considering an 'orderly' auto bankruptcy.

Uh huh. Anyone know of an orderly bankruptcy that didn't cause thousands of job losses? The automobile manufacturing supply chain is heavily OEMed. This means an entire chain of businesses, suppliers are involved in making cars and trucks.

Bush:

Bush Now Says Big 3 Auto Can Get Some of the $700 Billion Bail out money

Now why could through all of that hell, have the Senate crush hope, only to turn around and say the Big 3 U.S. auto manufacturers can get some of the bail out money already approved?

The Bush administration dropped its opposition to using the $700 billion bank bailout fund to provide financing for U.S. automakers after the Senate yesterday failed to approve emergency loans