Playing Games to Win a Bailout
The best defense, the saying goes, is a good offense. In the case of the Big Three automakers, their offense is defense. Chrysler, GM and Ford are pushing for a $25-billion bridge loan by claiming the collapse of their industry would harm national security.
That was the theme the car-making CEOs brought with them to Washington last week to beg for help –- pay now or pay more later and put the nation at risk as well. Chrysler’s chief executive, Robert Nardelli, told the Senate Banking Committee that crippling the auto industry “would undermine our nation’s ability to respond to military challenges and would threaten our national security.”
The best defense, the saying goes, is a good offense. In the case of the Big Three automakers, their offense is defense. Chrysler, GM and Ford are pushing for a $25-billion bridge loan by claiming the collapse of their industry would harm national security.
That was the theme the car-making CEOs brought with them to Washington last week to beg for help –- pay now or pay more later and put the nation at risk as well. Chrysler’s chief executive, Robert Nardelli, told the Senate Banking Committee that crippling the auto industry “would undermine our nation’s ability to respond to military challenges and would threaten our national security.” Read more
courtesy:foxforum.blogs.foxnews.com