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Auto Industry Bailout

Joe Biden

Newsday's coverage

  • In first big 2012 foray, Biden defends auto rescue

    his fire at Romney, the GOP front-runner. He criticized the former Massachusetts governor for saying he would have let the auto industry go bankrupt and predicting the bailout would turn the car companies into the "living dead.""The president didn't flinch,"   Read more »

  • Clinton: Auto bailout most important Obama move

    -- Former President Bill Clinton says the auto industry bailout was the single most important decision by President Barack Obama -- even bigger than pushing his health care overhaul through Congress .Clinton made the remark Thursday to more than 1,000 members   Read more »

  • Obama hails auto bailout, hits back at GOP critics

    makers and parts companies added more than 38,000 jobs last year, with industry employment averaging 717,000 for 2011. And automakers have announced plans to add another 13,000 jobs this year.As recently as Sunday, Romney said Obama favored the UAW in the   Read more »

  • FACT CHECK: Errant claims on auto bailout, taxes

    government ushering the auto industry into and out of bankruptcy.THE FACTS: Romney did propose a bankruptcy process for the automakers before the government opted for that course. But there was a tremendous difference between the course he advocated and the   Read more »

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About Auto Industry Bailout

The automotive industry crisis of 2008–2009 is a global financial crisis in the auto industry that began during the later half of 2008. The crisis is primarily felt in the United States' automobile manufacturing industry and, by extension, Canada, due to the Automotive Products Trade Agreement, but other automobile manufacturers, particularly those in Europe and Japan, are also suffering from the crisis.

from Wikipedia