This is an interesting point how powerful words can be. Title of the thread (which he created) is not blatantly contradicted by contents of the article. Even with the most contrary sentence "The Bush administration is considering ways to provide emergency aid to General Motors Corp. and Chrysler LLC., " it is not clear if that is last weeks news reiterated, as the third paragraph deals with.
Regardless, it seems no time to drag feet on such a major part of the country's workforce. As usual, the policymakers are playing roulette with time.