Pelosi Tough Love
House Speaker Nancy Pelosi, a California Democrat, and Senate Majority Leader Harry Reid, a Nevada Democrat, told the automakers in a letter yesterday that they must provide “a forthright, documented assessment” of their current operating cash position, short-term funding needs “and how they will meet the financing needs associated with the plan to ensure the companies’ long-term viability.”
Pelosi told reporters that even if the automakers fail to make a convincing case, Congress must do something to help them.
Heck, I say send them to their room for a little timeout!
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