Monday, February 16, 2009

obama 8

Obama is creating a task force to help loan out over 17 billion dollars to GM and Chrysler in federal loans. He's putting the problem into the hands of people who would be more likely to be able to solve it than he. The task force will be run by Treasury Secretary Tim Geithner and National Economic Council Director Larry Summers, although its members will include people from 9 different departments, offices and councils. They are working with the car companies mostly on how they would repay the loans.

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