Stabenow:"Time Is Ticking"

by Candyce Torres, University of New Mexico-Talk Radio News Service. Senator Debbie Stabenow (D-Mich.) and Representative Sam Brownback (R-KS) talk about the Cash for Clunkers legislation which will help the auto industry get more cars sold and off the lot.
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Paul Ingrassia on the auto industry

By Michael Ruhl, University of New Mexico - Talk Radio News Service

Paul Ingrassia, former Detroit Bureau Chief of the Wall Street Journal and Pulitzer Prize winner, said that Chapter 11 Bankruptcy may be of long term benefit to companies like GM and Chrysler. According to Ingrassia, bankruptcy could free the companies from contractual obligations which are otherwise overly burdensome to their operations. It would allow these companies to reduce the number of brands and dealers they have without lengthy legal gridlock, which in turn could provide the ability for the auto companies getting back on their feet through a very thoughtful reorganization. (00:48)
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Bush on auto bailout: "I haven't made up my mind yet"

President Bush said that he has not yet decided whether he will use TARP funds to bail out the auto industry (0:26).
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Voinovich: Auto companies should be bailed out

Sen. George Voinovich (R-Ohio) expresses disappointment that the Senate did not pass the bailout bill but also said that the Bush administation may have the correct answer. (1:43)
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No auto bailout is right decision

Brett Littlefield, Director of Communications at the American Conservative Union, believes the Senate made the right decision in not passing the automobile bailout package. (0:22)
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Car companies must pay less to workers

Kevin Hassett, Director of Economic Policy Studies and a Senior Fellow at the American Enterprise Institute for Public Policy Research, says that labor costs must be reduced for automobile companies to survive. (0:34)
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Do not make auto workers a "scapegoat"

Ron Gettelfinger, the President of the United Auto Workers (UAW), says that auto workers are doing what they can to fix the inherent problems in the auto industries. He did caution against blaming workers for all the problems associated with these companies. (1:29)
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Automaker bailout would cost "somewhere between $75 billion and $125 billion"

Dr. Mark Zandi, chief economist and cofounder of Moody’s Economy.com, discusses how he estimates the total cost for the automaker bailout at a testimony in front of the Senate Banking, Housing and Urban Affairs Committee (1:54)
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Chrysler President: "I flew Southwest to come here, I took the train from Philadelphia to Washington"

Jim Press, President and Vice Chairman of Chrysler LLC defends the integrity of his company. (0:52)
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