Follow up to previous postings on calls for a government bail- out of the auto industry, today Speaker Pelosi stated: “I have asked Chairman Barney Frank of the House Financial Services Committee to work with House and Senate leaders, and with the Bush Administration, to craft legislation to provide emergency and limited financial assistance to the automobile industry under the Emergency Economic Stabilization Act (EESA).”

• WSJ: Democrats Plot Detroit Rescue
• New York Times: “The struggling auto industry was thrust into the middle of a political standoff between the White House and Democrats on Monday as President-elect Barack Obama urged President Bush in a meeting at the White House to support immediate emergency aid.”
• New York Times: Democrats Seek Help for Automakers