Washington Takes Risks With Its Auto Bailout Plans
11:41 AM Tue, Dec 09, 2008 | Permalink
Email
 |
 |
Projo Cars Blog |
|
WASHINGTON -- When President-elect Barack Obama talked on Sunday about realigning the American automobile industry he was quick to offer a caution, lest he sound more like the incoming leader of France, or perhaps Japan, according to an analysis by The New York Times' David Sanger. what Mr. Obama went on to describe was a long-term bailout that would be conditioned on federal oversight. It could mean that the government would mandate, or at least heavily influence, what kind of cars companies make, what mileage and environmental standards they must meet and what large investments they are permitted to make -- to recreate an industry that Mr. Obama said "actually works, that actually functions." It all sounds perilously close to a word that no one in Mr. Obama's camp wants to be caught uttering: nationalization. 
|
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||
New comments
New photos
New posts
Projo blogs
Archives
Leave a comment