What is the cost of bailing out the auto industry? Well, it may be more complicated than a simple yes or no vote. The real challenge may be coming up with an energy plan that stimulates the economy without destroying the environment. Congress is supposed to decide this week whether to extend a new $25 billion loan to the Big Three or apportion some of the $700 bailout money to save GM, Ford, and Chrysler. Some say these auto companies are dinosaurs bound for extinction - but if they fold, according to the Center for Automotive Research, as many as 2.5 million jobs could be lost.
On GRITtv Peter Lazes, Director of Programs for Economic Transition at the Cornell University School of Industrial & Labor Relations, Arun Gupta, writer and editor of The Indypendent, writer and filmmaker Mitchell Bard, Jonathan Cohn, Senior Editor at The New Republic, and Betsy Rosenberg, the creator and host of EcoTalk Radio weigh the costs of bailing out the auto industry.






