White House lists new reasons for rejecting auto industry aid

[babylonsister]

White House lists new reasons for rejecting auto industry aid

By David Lightman | McClatchy Newspapers


The White House Monday came out swinging against a Democratic plan to aid America's ailing auto industry, as the Senate prepared to debate a $25 billion package.

"We believe that this assistance should come from the program created by Congress that was specifically designed to assist the automakers -- from the $25 billion Department of Energy loan program," said White House spokeswoman Dana Perino in a lengthy statement.

Senate Democrats want to use a different $25 billion from the financial rescue package passed last month. The White House wants to use the same amount from a loan, passed in September, to help carmakers improve fuel efficiency.

"We should not seek ADDITIONAL funding while $25 billion sits available in a program that was designed for automakers. Congress should instead amend the Department of Energy's loan program to ease the availability of those funds and relax restrictions on their use -- as long as qualifying firms make the difficult decisions to demonstrate their viability going forward," she said in a statement.

Democrats contend the fuel efficiency money was meant to help carmakers for that purpose, not to help them survive financially.

more...

http://www.mcclatchydc.com/227/story/56004.html

[RUMMYisFROSTED]

1. Alternate headline: Fuck the autoworkers!

It is what it is.

[bdamomma]

4. and the people who work for them

this is a catch 22.

[RUMMYisFROSTED]

5. Who works for the autoworkers?

?

[bdamomma]

6. I was commenting that the autoworkers are going to get

screwed too, if no bailout is considered. All those people out of work?? that would be horrible.

[DJ13]

2. "That $700 billion y'all gave us to spend? Its ours, you cant have any!"

[TygrBright]

3. Y'know, if they think the chain reaction meltdown to the core after Lehman Bros. was a nightmare...

...just WAIT until they see the apocalyptic meltdown from the chain reaction to letting even ONE of the big three go belly up.

amazedly,
Bright

[louis-t]

7. They haven't finished destroying the unions yet.

So, no bailout for you.