The Huffington Post
The $25 billion auto bailout is on ice now that Senate leaders have decided to postpone a vote on it, according to the front page of the Post. The country, however, can’t let the auto industry collapse because that will risk setting off a tidal wave of lower wages and lower buying power for consumers, writes Robert Creamer. The Senate should pass a $100 billion recovery package and instruct Treasury Secretary Henry Paulson to use part of the $700 billion bailout that’s already approved to help the car makers, writes Robert Borosage.
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