Understanding the Bush Administration's Auto Bailout: An Immediate Look at the Legal, Governmental, and Economic Ramifications of the Government's ... to Automakers (Aspatore Special Report)

When legislation for a bailout for struggling U.S. automakers failed in Congress in late 2008, Former President Bush stepped in to provide $17.4 billion to GM and Chrysler to prevent an industry collapse. The plan included pulling resources from the Emergency Economic Stabilization Act passed months earlier to keep automakers afloat and allow them to establish restructuring plans. Will these government bridge loans be enough to rescue the automotive industry? What requirements are placed on automakers as a result of accepting these loans? Understanding the Bush Administration's Auto Bailout provides feedback from some of the nation's leading legal minds on the benefits and risks of the auto bailout and the ways in which this agreement changes how the government interacts with U.S. automakers. These experts also discuss the effects these changes may have on auto dealers, with the ramifications extending from a national to a local level. This in-depth report offers readers an on-the-spot look at this issue as it continues to unfold.