{"id":10236,"date":"2008-12-19T00:57:00","date_gmt":"2008-12-19T00:57:00","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bush_weighs_orderly_bankruptcy_for_automakers\/"},"modified":"2008-12-19T00:57:00","modified_gmt":"2008-12-19T00:57:00","slug":"bush_weighs_orderly_bankruptcy_for_automakers","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=10236","title":{"rendered":"Bush Weighs \u201d\u02dcOrderly\u2019 Bankruptcy for Automakers"},"content":{"rendered":"<p>The White House said on Thursday that an \u201corderly\u201d\u009d bankruptcy was one option being considered to try to rescue General Motors and Chrysler, which are seeking billions of dollars to avoid a shutdown.<\/p>\n<p>President Bush\u2019s spokeswoman, Dana Perino, confirmed growing speculation within legal circles that the president and Treasury Secretary Henry M. Paulson Jr. were considering the step as part of an overall rescue package for the automobile industry.<\/p>\n<p>The action would be unusual, and would require concessions by the United Automobile Workers union, suppliers, investment banks, the federal pension board, bondholders and other stakeholders in the two auto companies.<\/p>\n<p>Ford Motor, which does not face an urgent need for capital, is not likely to be part of any rescue package.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2008\/12\/19\/business\/19auto.html?_r=1&#038;hp\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The White House said on Thursday that an \u201corderly\u201d\u009d bankruptcy was one option being considered to try to rescue General Motors and Chrysler, which are seeking billions of dollars to avoid a shutdown. President Bush\u2019s spokeswoman, Dana Perino, confirmed growing<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=10236\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,598],"tags":[],"class_list":["post-10236","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10236"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10236\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}