Update:

Bush throws a lifeline to the auto industry. It will be to the tune of roughly $17.4 Billion. This will only be able to keep the big three afloat for a short period of time, however. There is no way that these companies can keep their sales alive with this funding. In fact it can probably only get them through early next year.

President Bush, however is pushing for tough oversight to be put upon these companies and the uses of the tax payers money.