Chris Berry On The Net

Negotiators in the House and Senate worked through the weekend to cobble together a temporary bailout plan that would tide the embattled Detroit automakers over until they are able to secure a more generous deal under the Obama administration. The plan would provide $15 billion in loans to keep the companies afloat through March. It [...]

The heads of the Big 3 automakers are heading back to Washington this week for another round of congressional hearings on a proposed bailout package. There is little question that the Democrats in the House and Senate will eventually pass a relief package, but what remains in doubt is where the money will come from. [...]

In an effort to gain support for a $25 Billion federal bailout, Detroit automakers are engaging in a shameless disinformation campaign designed to create a wave of panic regarding the economic fallout from their potential collapse. While there is no question that the failure of the Big Three would have a significant detrimental impact in [...]