Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill.
Nice, a cascading effect from the big-3 failing could be the loss of 3 million plus jobs and this guy has the balls to play politics with people's lives. This just proves some Republicans will never change.
A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies.