PCT Video Cast (The Auto Bailout)

The Big 3 recently were on the Hill asking Congress for a $25 billion taxpayer funded bailout. Detroit has been claiming, in recent months, that they are victim of rising fuel costs and the economic downturn. Truth or lies of omission?



References:

Auto Bailout Ignores Excessive Labor Costs (Heritage Foundation)
Automakers Need Bankruptcy, Not Bailout (Heritage Foundation)
GM's $39B loss a record (CNN Money)
GM loses $2.5 billion in 3Q; 2008 losses now at $21.2 billion (Michigan Business)