Bush Gives 'Big 3' $17 Billion Bailout

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Uploaded by on Dec 19, 2008

Citing danger to the economy, President Bush approved an emergency bailout of the U.S. auto industry, offering $17.4 billion in rescue loans in exchange for tough concessions from the deeply troubled carmakers and their workers. (Dec. 19)

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News & Politics

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  • Seems funny to me why the auto industry was dragged through the mud and were forced to answer questions that Banks werent even asked. The Banks got their money very quickly with out having to jump through hula hoops for it. Look at the banks and all there crooked ways, all the big 3 are accused of is mismanagement, and lets face it if people were buying cars it all would be fine. People fail to see the bigger picture here. Our whole system is phony and is collapsing under its own weight!

  • are you an idiot, or it was a joke?

  • why cant i see the video

    ANYONE UP? I NEED SOMEONE TO TALK TO Tw

  • There are no Republicans

    And there are no Democrats

    Just Corporate Criminals making the tax payer buy tanks!

  • Let`s keep jap car out!

    those japs has destroyed american holy

    industry!they are shamless monkey.lol

  • Bush only went along with this Bailout cause if the company collapsed it would be on Obamas desk when he gets in Office....Bush also listening to socialist democrats cause they were riding him about a bailout so he gave them half of what they wanted.

  • Blame Democrats my friend.

  • The bailout was not all Bush...Democrats were pushing for it including BARACK OBAMA

  • Over all, government employees are paid double their civilian counterpart

    All the taxes on wages is not enough to cover the interest payment on the earlier loan from the FED Res Bank of 14 trillion

    The total gov debt is around $102 trillion

    The US does not even print its own money; they let private bankers do it; then pay them principal & interest on top of it

    The USA is in fact: Bankrupt

    To satisfy the investors into TARP, it is possible the US dollar will be dropped all together

  • sug~~I watched a TV special on the custodians and maitenance workers at NY public schools and they COULD NOT BE FOUND and there was garbage and filth everywhere and broken locks and doors and the outside had garbage next to the cans and never picked up...and not a soul around~~the other game of the SYSTEM is you get a percent of your highest months pay!..so all the leaving government workers get a HUGE pay raise the LAST few months and thats the PERCENTAGE for LIFE! nice scam and not known!~~MM

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