Now for the car-parts bailout

Wall Street Journal
President Obama's automotive task force entered the race to save Detroit last week with a $5 billion program to aid the nation's auto-parts
suppliers. This comes on top of the $17.4 billion given last December, before the task force was formed, to General Motors and Chrysler...
This is clearly a stopgap measure. Task force members understand that trying to save GM and Chrysler (so far, Ford laudably has declined government aid) will be fruitless without propping up the companies that make components...
Continued: http://online.wsj.com/article/SB123793893072432221.html
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For starters, that's old news. For seconds, that money isn't just going to help the Detroit 3. It is going to help parts suppliers of just about ALL auto makers.
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