Aides: Obama suggested more help for auto industry

[jessi_chan]

http://news.yahoo.com/s/ap/20081111/ap_on_...r_wh/bush_obama

See Obama does want to help the car industry out... Change is coming!

[vonVeezelsnider]

Let's hope the aid doesn't come too late...

[FUTURE_OF_GM]

Make me a believer Mr. Obama.

I think you have excellent potential, but I've been burned too many times before.

If you can save our automakers and help turn this country around, then I (the person that hasn't even bother to vote for 8 years now) will be the first to volunteer for your re-election campaign.

[thegriffon]

Wait and see if he can convince the democrats to recall congress and vote the necessary funds first. He doesn't have to be president to do that, or to support the legislation in the senate. If he can't, what will change once he is?

[thegriffon]

Make me a believer Mr. Obama.

I think you have excellent potential, but I've been burned too many times before.

If you can save our automakers and help turn this country around, then I (the person that hasn't even bother to vote for 8 years now) will be the first to volunteer for your re-election campaign.

If he doesn't you won't be the only one who never votes for him or anyone else again. To e fair, he may not be allowed to do what he needs to do, however much he'd like to.

[Intrepidation]

:Update:

Word on the street is that President elect Barack Obama spent some time in the oval office yesterday with current President Bush talking about the auto industry, and the junior Senator from Illinois urged the President to address the automakers' dire situation post haste. The President seems to be on the same page, with word coming out of the White House that it would consider a congressional proposal to carve out $25 billion of the nation's $700 billion bailout plan just for the auto industry. That's in addition to the already approved $25 billion worth of low-interest loans to automakers, the distribution of which may also get sped up considerably. Those low-interest loans may even get restrictions lifted that were to ensure they be spent on green cars and retooling factories, but now may be used for anything the domestic automakers deem most prudent. Nothing's final until it goes though Congress and gets the President's approval, but it would seem the considerable squawking coming from General Motors for federal aid has reached the ears of those who may actually do something about it.

Autoblog