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Keyword: autoexecs

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  • Obama suggests some auto execs should lose jobs

    12/07/2008 12:45:13 PM PST · by NormsRevenge · 69 replies · 1,736+ views
    AP on Yahoo ^ | 12/7/08 | Philip Elliott - ap
    CHICAGO - President-elect Barack Obama announced support Sunday for a short-term government bailout of the nation's carmakers that is tied to industry restructuring. He also accused auto executives of a persistent "head-in-the sand approach" to long-festering problems. Obama said Congress was doing "the exact right thing" in drafting legislation that "holds the auto industry's feet to the fire" at the same time it tries to prevent its demise. In an appearance on NBC's "Meet the Press" and later at a news conference, Obama at one point suggested some executives should lose their jobs.