This week’s question regards the future of the U.S. auto industry. Congress is considering a $15 billion package of bridge loans and credit lines to help General Motors, Ford, and Chrysler recover from the financial crisis. Domestic automakers have requested a total $34 billion, contending the higher amount is required to maintain operations and avoid possible bankruptcy. Critics argue the automakers have failed to provide sufficient evidence they would wisely spend bailout funds. What do you think? Should Congress bail out domestic automakers? Yes or no?
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