Detroit's sputtering Big Three turn to Washington for help

General Motors Corp., Ford Motor Co. and Chrysler LLC will be launching a campaign in the coming days to secure at least 25 billion dollars in federal loans to help get past the current economic malaise.

"This isn't a bail out," said Greg Martin, Washington spokesman for GM, the largest US automaker which has been awash in speculation for months that it is running short of cash.

"These are direct loans that we have to pay back," added Ford spokesman Mike Moran.
....
Bozzella said the loan authorization was included in energy legislation was signed into law last December by President George W. Bush after passing through the Democratic-controlled Congress.

The law requires automakers to raise the fuel economy of vehicles sold in the US market to 35 miles (56 kilometers) per gallon (3.8 liters).

http://www.breitbart.com/article.php?id=080907041331.w5v4edpo&show_article=1

Everybody needs to be bailed out. You gotta wonder how much more the Govt can take on.

there won't be any money left for the Big Three. The Bigger Two will have gobbled it all up.

...no stinkin' regulation or oversight because "the market" would take care of everything, are suddenly scrambling for the public teat. Must be great to live in a world where profit is unbounded and losses are borne by the taxpayer. Welcome to the "free market." Hurrah!

so we can save enough for the large, rich corporations...

or the poor or veterens, or children or the retired.

ALL our money goes to corporations in their war for profit, for bailouts, subsidies, tax cuts, and the workers get no health care, just more of our money going to corporate insurance companies...only the rich and corporations get union busting republican tax breaks...OUR TAXES!

MORE THAN TWO THIRDS OF CORPORATIONS PAY NO TAXES - ZERO - NONE!!

Workers pay for everything, including DYING for their wars for more corporate profit. Still the republicans vote down veterans bill after bill and claim they are patriotic and support our troops - BULLSHIT!

The stupid ignorant working people want to vote for a republican - McCain? As the republicans push fear in the frightened workers faces, offering only the same old the rich get richer economics - which is absolutely republican ideology.

They love big bidness.

Faux News mocked him saying how that would hurt the big three.

If we had raised cafe standards maybe they could be competing properly with the Japanese cars.

their foreign units are actually doing well considering the world economic problems.