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Auto State Politicians Stunned By Obama's 'Tough Love' For Them And Not So Much For Wall Street

Autoplan

First Posted: 04/30/09 06:12 AM ET Updated: 05/25/11 02:10 PM ET

news.yahoo.com:

The Obama administration's harsh treatment of the auto industry is backfiring with some auto state politicians despite a concerted effort to build support for the federal crackdown on General Motors and Chrysler.

Late Sunday evening, the White House held an hour-long conference call with a half-dozen lawmakers who represent auto industry states, laying out a "tough love" scenario in which GM will get 60 days of working capital, while Chrysler has only 30 days to cut a deal with Italian automaker Fiat if they are to survive.

Read the whole story: news.yahoo.com

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Filed by Katharine Zaleski  |