Washington Considering $25 Billion Loan Handout For U.S. Auto Makers

Washington Considering $25 Billion Loan Handout For U.S. Auto Makers

What do you do when your industry starts to go belly up and you can’t make enough revenue to stay afloat? If you’re a short-sighted U.S. auto maker, you beg the government for $25-50 billion in immediate, low-interest loans in order to retool your plants, so you can start producing the hybrid cars you should have been planning years ago.