Joe Biden is right about the auto bailout. ... Obama deserves a lot of credit for finishing the job that Bush and his Treasury Secretary, ... film reduced it to one sentence: “The Bush Administration had given the car companies .... The Bush administration's $700bn emergency bail-out for the ... pay for senior banking executives and to increaser the insured limit of US bank .... President George W. Bush makes a statement on the auto industry. ... $17.4 billion bailout for GM and Chrysler, with the terms of the loans requiring ... but the administration felt it had no choice given the fragile state of the economy. ... Firms must accept limits on executive compensation and eliminate perks .... The administration's handling of the program has come under sharp criticism ... U.S. auto industry to collapse is not a responsible course of action" Bush said. ... At a news conference in Detroit, the chief executive of GM, Rick ...

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Bush Administration, Auto Execs Recrafting Bailout Plan