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  • Automakers Are Lining Up Aid, But Just Don't Call It a Bailout

    12/04/2005 5:27:49 AM PST · by Iris7 · 97 replies · 1,635+ views
    The Washington Post ^ | 12-4-2005 | Jeffrey H. Birnbaum and Sholnn Freeman
    Troubled U.S. automakers and their allies on Capitol Hill are seeking billions of dollars in aid from the federal government ranging from health coverage for their workers to extra tax write-offs for themselves. They're also asking for one rhetorical favor: Please don't call the requests a bailout. "I don't view it as a bailout," Sen. Carl M. Levin (D-Mich.) said. "We're not looking for a bailout," agreed William C. Ford Jr., chairman of Ford Motor Co. The "B" word has been taboo ever since Chrysler Corp., faced with impending insolvency, sought and narrowly won $1.5 billion in loan guarantees from...