Auto bailout

Automobile industry in need of $25 billion dollars with the slow economy at hand.  The Bush administration as well as others are not sure if this is the best plan yet.  Lawmakers said that the auto companies have to prove that they would put bailout money to good use – so they wouldn’t come back asking for more in the future.  Opponents of an auto bailout argue that GM or any other automaker that can’t sustain itself should use bankruptcy protection to to become competitive, rather than depend on federal assistance.  ”It is all about accountability and viability,” said House Speaker Nancy Pelosi, “We need to see a plan where the auto industry is held accountable. Until they show us the plan, we cannot show them the money.”