[lbo-talk] Obama: I'd guarantee $4 billion to retool auto industry

Doug Henwood dhenwood at panix.com
Tue Aug 5 10:47:47 PDT 2008


On Aug 5, 2008, at 1:35 PM, Charles Brown wrote:


> Obama: I'd guarantee $4 billion to retool auto industry

That's very nice of him, but GM has lost $47 billion over the last year; Ford, $12 billion. So $4 billion would cover about three and a half weeks of their losses.

Doug



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