In the recent debate about the “Big Three” U.S. automakers bailout, Obama has mostly tried to avoid the question. He is lucky in the sense that this problem still falls in Bush’s lap, so he can get away with doing nothing.
Obama has advocated for some form a bailout for the Big Three, but he is in a lose-lose situation.
He must be for bailout, because he promised on the trail to help blue-collar workers in the big automaking states, and also said he wanted to turn the auto industry in the U.S. into a green industry and create new jobs. It’s going to be hard to do that if there are no more automakers
On the other hand, the bailout money will probably not go into creating new jobs, and end up as more of a shot in the arm for a failing industry.
Obama’s best hope is that he can give as little money as possible to the auto industry to keep them going until he can try to implement some sort of change in the industry when he takes office. Or try to attach some stipulations to the bailout money involving green-job creation.
