by Calculated Risk on 12/12/2008 09:23:00 AM

From MarketWatch: White House considers using TARP for auto bailout

The Bush administration will consider ... using ... the Troubled Asset Relief Program, White House spokeswoman Dana Perino said Friday. "A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time," she said.