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Published: November 16, 2008
Washington should say no to unconditional bailout
L OOK for political pressure to build in Washington this week for bailing out U.S. automakers.
House Speaker Nancy Pelosi wants a lame-duck session of Congress to send $25 billion to General Motors , Ford and Daimler-Chrysler to help them cover daily operations as they ride out the worsening economy.
That would be in addition to $25 billion in government loans approved to help the carmakers retool assem...
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