Obama Is Stern With Automakers
Posted in Main Blog (All Posts) on March 31st, 2009 4:38 am by HL
Obama Is Stern With Automakers
President Obama had a mixed message yesterday for the U.S. auto industry. He praised the struggling companies as “an emblem of the American spirit,” but used his toughest language yet to demand that manufacturers, their creditors and their union cut costs further or face bankruptcy.
Clinton Calls Years of Afghan Aid ‘Heartbreaking’ in Their Futility
THE HAGUE, March 30 — The billions of dollars spent in U.S. aid to Afghanistan over the past seven years have been largely wasted, Secretary of State Hillary Rodham Clinton said Monday.
Ex-Commerce Nominee Now Top Budget Critic
Standing beside President Obama at the White House as he accepted the nomination to be commerce secretary two months ago, Sen. Judd Gregg (N.H), a stalwart Republican about to join a Democratic administration, said: “This is not a time when we should stand in our ideological corners and shout at…
Hard Line on Auto Aid Puts Bailed-Out Firms on Notice
NEW YORK, March 30 — After ousting General Motors’ chief executive, President Obama warned Monday that bankruptcy may be unavoidable for two American automotive giants.