Gunny
Gold Member
By PHILIP ELLIOTT
CHICAGO President-elect Barack Obama announced support Sunday for a short-term government bailout of the nation's carmakers that is tied to industry restructuring. He also accused auto executives of a persistent "head-in-the sand approach" to long-festering problems.
Obama said Congress was doing "the exact right thing" in drafting legislation that "holds the auto industry's feet to the fire" at the same time it tries to prevent its demise.
more ... Obama suggests some auto execs should lose jobs - Yahoo! News