A $17 Billion Car Loan

President Bush agreed today to throw Detroit's automakers a lifeline. The government will loan General Motors $13.4 billion and Chrysler $4 billion. As NBR's Stephanie Dhue reports, the money comes with major conditions.





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External Links/Articles*

• American Enterprise Institute (AEI)
  The AEI "is a private, nonpartisan, not-for-profit institution dedicated to research and education on issues of government, politics, economics, and social welfare." This links to a November 24, 2008 AEU short publication titled, "The Auto Industry's Future."
• Chrysler
  This links to Chrysler's corporate website. The main page of the site currently discusses the bailout/loan.
• General Motors (GM)
  This links to a December 19, 2008 statement issued by GM titled, "GM Statement on Administration Providing Bridge Loan to Domestic Auto Industry."
• Office of the President-Elect
  This links to a December 19, 2008 press release on President-elect Obama's official website. The release is titled, "Auto industyr assistance package statement from the President-elect.
• U.S. Government Accountability Office (GAO) (PDF document)
  The GAO's "mission is to help improve the performance and assure the accountability of the federal government for the benefit of the American people." This links to testimony the GAO gave before the U.S. House Committee on Financial Services on December 5, 2008. The testimony is titled, "Auto Industry: A Framework for Considering Federal Financial Assistance."
• The White House
  This links to a December 19, 2008 release issued by The White House title, "President Bush Discusses Administration's Plan to Assist the Automakers." It includes a transcript of the President's remarks as well as a fact sheet.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.