Monday, November 24, 2008

Barack Obama drops' blank check 'for automotive sector

The president-elect of the United States, Barack Obama, said here Monday that the U.S. auto industry is too vital to disappear, but dismissed the idea of a "blank check" to help the automakers without a plan to long term.

"We can not allow the auto industry simply disappear. What I said is that we can not sign a blank check for the automotive sector," Obama said in a press conference.

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