Democrats in Congress are pushing for a bailout plan for the Big Three American Automakers. The bailout would send $25 billion to automakers as an emergency loan and would give partial Federal Government ownership in each of the three companies.
Opponents of the proposed bailout point to innovation as a better option. Sen. Mitch McConnell of Kentucky points to an earlier proposal that would send the same amount of money to the car makers to develop more fuel-efficient cars.
"Democratic leaders will need to win over some skeptical lawmakers who question whether a bailout would cause changes in the auto industry or simply lead to more handout requests from other industries."
--Democrats urge federal stake in big auto companies
-Matt M.
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