Aid for Auto Dealers Gains Traction on Hill

[Freddie Stubbs]

Source: Washington Post

Now that the Obama administration has spent billions of dollars on the bailouts of General Motors and Chrysler, Congress is considering making its first major management decision at the automakers.

Under legislation that has rapidly gained support, GM and Chrysler would have to reinstate more than 2,000 dealerships that the companies had slated for closure.

The automakers say the ranks of their dealers must be thinned in order to match the fallen demand for cars. But some of the rejected dealers and their Capitol Hill supporters argue that the process of selecting dealerships for closure was arbitrary and went too far.

Since federal money has been used to sustain the automakers, they say Congress has an obligation to intervene.

Read more: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/14/AR2009071403187.html?fark

[WriteDown]

1. Fire up the presses. nt

[Pirate Smile]

2. FFS - lets load them back up with debt and dealers they don't need.

Ugghhh.

Lets keep the Pentagon from getting rid of the defense programs they don't need also because they may end some defense contracts and jobs in some Congresspeople's districts.


:grr:

[cosmicone]

3. Yeah ... let's also force them to make cars no one wants

and force them to have poor quality so foreign car companies can succeed.

Perhaps we could even succeed in making them go bankrupt all over again so that congress can have yet another micromanaging and grandstanding opportunity!

[Kolesar]

4. The William H Macy character from Fargo comes to mind

"Good news, I talked the manager into reducing the price of the undercoating..."

[sfwriter]

5. Keep them...

...but offer them a profitable deal.

I see no problem saying they should be offered a chance to stay, but cover our nut please. We, the shareholders, deserve a well run company, not welfare for car dealerships.

-Sandy