Autoworker chief pleads for government aid
http://news.yahoo.com/s/ap/20081130/ap_on_go_co/auto_bailout;_ylt=AvP8xZDdn17qKXI6R95WHjes0NUE
The auto industrial seems to be taking the whole recession the hardest. The failing industry has been begging for a $25 billion loan in order to continue business. Many senators have expressed however, that the business is failing, and a loan will only prolong the inevitable.
The auto industry is failing, however, I wrote before that the American automobiles were the ones that revolutionized this world. However, with the economic crisis going on, the auto industry is probably the least of lawmaker’s concern. The economic crisis has been causing a lot of trouble throughout Wall Street, and major companies have been the top priority of lawmakers proposing the bailout. I think that although the American auto industry was a prominent company, recent sales show that these companies are not a prominent as they used to be. The auto industry will not be able to pay back a loan, once they have taken it.