David Axelrod, senior adviser to President-elect Barack Obama, tells George Stephanopoulos on This Week that before U.S. automakers can get a federal bailout, the companies must deliver a plan on how the money will be used. Axelrod said, "We all have a stake in the survival of the auto industry in order to do that they have to retool," and says Obama hopes the Big Three will return to D.C. next month with a plan. "If they can't do that then there is very little tax payers can do... [Obama] has said from the beginning that we need to help but we can't give a blank check." Axelrod added, "I hope automakers come back to Congress, hopefully on commercial flights," referring to how GM, Ford, and Chrysler CEOs flew to DC this past week on separate private planes.
Published Nov 23, 2008
Modified Nov 23, 2008
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