|
Posted: 6:54 PM Nov 17, 2008
Economics Prof Discusses Bailout
WTAP News Congress is back in session and a proposed bailout of the auto industry is a major topic on the agenda.
Reporter: Courtney RochonEmail Address: courtney.rochon@wtap.com |
|
Font Size:
Congress is back in session and a proposed bailout of the auto industry is a major topic on the agenda.
Jeff Holland is the Chair of the Business and Economics Division at West Virginia University at Parkersburg.
He says that in order to save American car companies, the $25 billion dollar bailout is essential.
"They're likely to file bankruptcy and reorganize. But in the meantime you're looking at thousands and thousands of job losses probably," said Holland.
Thousands of automotive workers have lost their jobs this year and car sales are down 15% for the year.
Current Conditions
Scene Everywhere
WTAP's Most Popular
- Parkersburg Man Dies in Single Vehicle Accident
- Kraton Project
- 11 Months...And Still Looking
- Fire Crews Busy Across The Valley
- Updated: 1 Dead, 5 Hurt In Orlando Shooting; Gunman Caught
- Suspect in Robbery of Tuppers Plains Bank Arrested in Mississippi
- Single Vehicle Accident Sends Two People to Hospitals
- Lines, But Not As Long
- Update: Ft. Hood Shooting Suspect in Stable Condition
- Judge Denies Motion to Lower Parkersburg Man's Bond
- Belpre Beer, Wine Sales Approved
31 Comments - Update: Ft. Hood Shooting Suspect in Stable Condition
20 Comments - Toxic River Study
19 Comments - Parkersburg H1N1 Vaccination Clinic, Upcoming Clinics
17 Comments - Update: Investigators on Scene of Marrtown Rd. Fire Thursday
16 Comments - Alcohol And School Issues
10 Comments
| WTAP AP Video |
|
|



