tag:blogger.com,1999:blog-91921071230884272.post-64504933504382598502008-12-11T03:45:00.000-08:002008-12-11T04:01:56.563-08:00US Auto rescue plan passed<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SUEBHJ6od1I/AAAAAAAACKs/ncTiNaqQ9yY/s1600-h/GM.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 174px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SUEBHJ6od1I/AAAAAAAACKs/ncTiNaqQ9yY/s320/GM.jpg" alt="" id="BLOGGER_PHOTO_ID_5278501460687484754" border="0" /></a><br />A <a href="http://http//money.cnn.com/news/newsfeeds/articles/djf500/200812102108DOWJONESDJONLINE000945_FORTUNE5.htm">14 billion US government rescue plan </a>for American automobile industry was passed in the US House. The bailout plan aimed to help the deteriorating conditions of automoblie industry, particularly <a href="http://http//www.bloomberg.com/apps/news?pid=20601087&sid=aFHp8xmezjY4&refer=home">General Motors</a> and Chrysler.<br /><br /><br /><br />Some Congressional Democrats speculated that if Senate Republicans were kill the rescue plan, the Treasury secretary, <a href="http://topics.nytimes.com/top/reference/timestopics/people/p/henry_m_jr_paulson/index.html?inline=nyt-per" title="More articles about Henry M. Paulson Jr.">Henry M. Paulson</a>, Jr., would have no choice but to keep <a href="http://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-org" title="More information about General Motors Corporation">G.M.</a> and Chrysler afloat, at least until the new Congress begins early next month and wider Democratic majorities are sworn into office.<br /><br /><a href="http://http//www.nytimes.com/2008/12/11/business/11auto.html?_r=1&ref=business">more....</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/91921071230884272-6450493350438259850?l=www.marketsnmoney.com' alt='' /></div>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0