White House: U.S. Can't Stand Fall Of Auto Industry

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

The White House says the weak economy can't afford the collapse of the nation's automakers.

White House press secretary Dana Perino cited the latest bad economic news — a jump in jobless claims to the highest level in 26 years — in arguing for Senate passage of a bailout package for the Big 3 automakers.

Perino said Thursday that the economy is in such a weakened state that adding another 1 million people to the unemployment rolls from an auto industry failure is not possible. She said: "We don't think the economy can sustain it."

Perino called the legislation, opposed by some Senate Republicans, a reasonable approach.

She said that President George W. Bush and other administration officials would be lobbying skeptical senators Thursday to vote for the bill.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 35962809 - kake.com/a?a=35962809