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 The Big 3 Bailout Request - White House Press Briefing by Dana Perino 12/3/08 — Wednesday, December 03, 2008 —  MS. PERINO: Matt.Q The automakers' funding request, in their just-presented plans, totaled $34 billion in loans and credit lines, and that would be above and beyond the $25 billion in the Energy Department technology improvement funds that were already appropriated by Congress. That's quite a big sum over and above what the White House has shown a willingness to agree to or to support. MS. PERINO: Good point, right. Q What's your -- what's the White House -- MS. PERINO: Well, that's a good point, and we'll have to -- again, we're going to have to look at the plans and see what may or may not be able to be supported by us for those companies as they move forward. We have said that we want to try to help the automakers, and we've put forward a plan that we think that can get bipartisan support. But we need to look at each of them and see if what we would be able to support could actually be a good investment for the taxpayers, and we just don't know that yet. Q But you had said yesterday that $25 billion sounded -- the technology funds alone sounded pretty generous. MS. PERINO: Well, I think that to the American people, that giving $25 billion in taxpayer dollars to a specific industry is generous. But these are very serious times, and I'm sure the companies have spent a lot of time thinking through what they think they will need. And we'll have to wait and see what their plans say. Give us a chance to look through them. Let's see what they have to say tomorrow, and let's see what kind of support they can get on Capitol Hill tomorrow, as well. I think that remains a little bit of a mystery. Automobile Industry | Congress | Dana Perino | Legislation | Press Briefing | White House Press Corps Labels: Automobile Industry, Congress, Dana Perino, Legislation, Press Briefing, White House Press Corps >> Full Story
Posted by White House Press Corps @ 4:38:00 PM
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