Read time: 0 minutes

McCain Wants 'Bankruptcy-like Solution' For Auto Industry

[media id=6957] Sen. John McCain told George Stephanopoulos that he doesn't support a government bailout or bridge loan for the Big Three auto makers

Sen. John McCain told George Stephanopoulos that he doesn't support a government bailout or bridge loan for the Big Three auto makers.

"I think that if not bankruptcy, certainly a bankruptcy-like solution, which forces everybody to sit down at the table and redo all these agreements," said McCain

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Comments

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.