November 20th, 2008
07:32 PM ET

On the Radar: Friday

Cate Vojdik
AC360° Writer

“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.

Filed under: 360° Radar • Cate Vojdik • Raw Politics
soundoff (2 Responses)
  1. James from TN

    Sadly the people who actually suffer from this is the workers at the auto Co. If wasn't for them i'd say let them sink but they still need a plan before they are handed all this money.

    November 20, 2008 at 10:20 pm |
  2. Melissa, Los Angeles

    Luckily I live in a large city with a multitude of industries that I can get into – problem is there's a lot higher number of people applying for the same job due to layoffs. I imagine if the Big 3 fails then I will eventually feel it but not like these small towns where only that one company exists.

    Thanks for keeping them honest! I'd like to know how this developer has not been arrested yet. As for Bush...thanks for trying to keep him honest on what he's trying to do before he leaves office.

    November 20, 2008 at 7:58 pm |