Economics Prof Discusses Bailout
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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 Rochon
Email Address: courtney.rochon@wtap.com
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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.
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