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Reid/Pelosi Press Conference On Auto Bailout

November 20, 2008

No decision has been made regarding the big 3.  They have been given a 2nd chance. The plan is that the auto industry drafted up plans (viability plans) on how they will use the money to become competitive in today’s better millage market.  They have until December 2.  This is very fair.  If the big 3 want the money then they need to be accountable on how they will produce more innovative cars geared for today’s market.

Finally, some strings attached.  Now, if we can only get the great guru Paulson to do the same with the financial industry.

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