Washington & the Detroit Three Bailout

Synopsis

Dr. David Cole, The Center for Automotive Research, Mike Stanton, Association of International Automobile Manufacturers, Steve Henderson, Dow Automotive. Topic: Washington & the Proposed Detroit Three Bailout plus Dow Automotive's NASCAR Protection.

Long before he was dubbed the Master of the Macabre, legendary filmmaker Alfred Hitchcock was known for his psychological thrillers. "Notorious," "Strangers On A Train" and the 1944 classic "Lifeboat" were prime examples of this work -- especially the latter film where a handful of strangers try to survive the unexpected adversity of their ship sunken at sea. One would think the group works together to overcome the odds, but that's not the way Hitchcock worked. And that may not be the way Washington works either when it comes to the proposed Detroit Three Bailout. GM, Ford and Chrysler are all asking for a monetary "lifeboat" but it's not going smoothly. The political forces are rocking the boat, pulling in opposite directions waiting for someone to take charge, while that someone -- President-Elect Obama -- doesn't take office for another 60+ days. Will something get done before then? Can something get done before Inauguration Day? Our guests offer their analysis on whether the lifeboat floats or not.

And speaking of lifeboats, Dow Automotive has created a quasi one for NASCAR in the form of energy absorbing foam. John is joined by the company's president Steve Henderson as he describes how they came up with the product Impaxx and what it's meant for the safety of NASCAR drivers since they started using it. Lifeboat, indeed!