Wednesday, March 14, 2012

Bush, lawmakers: job losses argue for car rescue

President George W. Bush and congressional leaders seized on the latest grim unemployment data Friday to try to fire up lukewarm support in Congress for bailing out U.S. automakers. They clashed again, however, over terms of the rescue plan and the source of any aid.

As the Big Three auto chiefs pressed their case for $34 billion in a second day of hearings, Bush said in the White House Rose Garden that the loss of 533,000 jobs in November was even more reason to help the companies.

"I am concerned about the viability of the automobile companies" along with workers and their families, Bush said. "And likewise, I am concerned about taxpayer …

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