Bush throws lifeline to auto industry
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20081220/2008_12_19t092053_450x334_us_autos_bailout.jpg?x=130&y=96&q=85&sig=pwvaxtyZKnxi.kysZJRDHw--" align="left" height="96" width="130" alt="President George W. Bush comments on the automaker's industry in the Roosevelt Room at the White House in Washington, December 19, 2008. (Jim Young/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081219/bs_nm/us_autos)Reuters - President George W. Bush announced $17.4 billion in emergency loans to faltering U.S. carmakers on Friday in a dramatic step to stave off collapse of the industry and save hundreds of thousands of jobs from falling victim to a deep recession.</p><br clear="all"/>
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