WASHINGTON: World leaders hoping to meet President-elect Barack Obama at an economic summit in the U.S. capital this weekend will be disappointed. But as he works on forming his new government, Obama is finding it difficult to remain on the sidelines as Democrats in Congress line up in support of a financial bailout for the ailing U.S. auto industry...
Reflecting the delicate dance of a meeting between outgoing and incoming presidents, Bush repeated his position that he is open to helping the automakers without making firm commitments.
"In no way did the president suggest that there was a quid pro quo," said White House press secretary Dana Perino. But, she added, "he did talk about the merits of free trade."
In September, Congress approved $25 billion in loans to automakers to help them retool plans to build more fuel-efficient vehicles, and thus become more competitive in the global marketplace. Though the administration is working to give automakers quick access to that money, it still would likely not come fast enough — or in big enough amounts — to satisfy the drowning companies.
Quid pro quo (Latin for "something for something" [1]) indicates a more-or-less equal exchange or substitution of goods or services.
English speakers often use the term to mean "a favor for a favor" and the phrases "what for what", "give and take", "tit for tat (this for that)", "You scratch my back, I'll scratch yours" have similar meanings.
http://en.wikipedia.org/wiki/Quid_pro_quo
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