Obama warns patience 'running out'

CHICAGO (AP) - President-elect Barack Obama isn't saying if he'll make any changes to the auto industry loan package announced this morning by the White House.

By: Associated Press | WNCT
Published: December 20, 2008

» Comments | Post a Comment

CHICAGO (AP) - President-elect Barack Obama isn't saying if he'll make any changes to the auto industry loan package announced this morning by the White House.

But Obama is warning auto companies that "the American people's patience is running out." He says the automakers should "seize on this opportunity" to come up with a plan to make their companies sustainable.

Obama also said a final restructuring package shouldn't just include concessions from the workers. He says they shouldn't be the ones "taking all the hits." Obama says everyone involved with the auto industry has to be "part of the process."

Obama says his economic team will talk with management and workers to find out how the industry and its jobs can be preserved not just in the short term, but in the years to come.

Reader Comments

*Facebook Account Required to Comment. If you are not already logged into Facebook, please click the comment button to do so.

Deal of the Day

Interactive Radar

Caught On Camera

Hundreds of Marilyn Monroe look-a-likes gather to break world record

A bear and moose take the path less traveled and hundreds of Marilyn Monroe look-a-likes try to break a record. The latest video and stories that will have you talking are coming up now in Take a Look At This!