“Until they show us the plan, we cannot show them the money.”
That’s how House Speaker Nancy Pelosi explained Congress’s decision to nix a bailout for automakers, at least for now. It wasn’t the answer the Big 3 automakers wanted, and it leaves GM, Ford and Chrysler without a net as the economy worsens.
If the Big 3 go under, many towns across America may start looking like Moraine, Ohio. GM is the town’s biggest employer and on Dec. 23 its truck plant will close, putting close to 1,000 people out of work and setting off a domino effect of pain. Tomorrow, 360’s Gary Tuchman reports from Moraine on the fallout.
Joe Johns will focus on the pile of regulations that President Bush is trying to push through before he leaves office. Many of the rules will benefit big polluters, including one that would roll back new anti-pollution measures required in new and renovated power plants. What else is Bush targeting? We’re digging deeper.
We’re also working on a Keeping Them Honest report for tomorrow. Chris Lawrence is investigating why hundreds of military families who were promised new homes near Seattle are still looking at an empty field. Why haven’t the houses been built? The government gave the job to a private developer that spent millions on land that actually cannot be built on. A whistleblower is now speaking out. We’ll hear from her and also the Dept. of Defense.
In the meantime, we’d like to hear from you. What steps are you taking to weather the tanking economy? Do you live in an area that will be especially hard hit if the Big 3 automakers go bust? What concerns you most these days?
See you tomorrow at 10 p.m. eastern.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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