Pocono News Section

Bailout, Bridge Loan or Bankrupt?

Bailout, Bridge Loan or Bankrupt? - Tuesday, December 9, 2008 at 9:46PM EST

WILKES-BARRE -- The latest bridge loan concept for the Big Three U-S automakers consists of $15 billion dollars and the creation of a government "car czar" position appointed by the President.
The "car czar" role would have some oversight of production and could require or veto large transactions or investments by the automakers. Is that enough? Who in the federal government is qualified to hold such a position?

Some say the loan is necessary to prevent a crippling effect to the economy. Critics say it's a waste of taxpayer dollars. Some others say mixing capitalism and state control is a nationalist method of doing business and we are adopting the model of the Chinese government.

WYOU Interactive discusses the issue with Fred Croop of Misericordia University and Mark Price of the Keystone Research Center.