Dems want business plan from automakers

[babylonsister]

And this is a bad idea because? :shrug:

http://thehill.com/leading-the-news/dems-want-business-plan-from-automakers-2008-11-20.html

Dems want business plan from automakers
By Michael Sandler
Posted: 11/20/08 02:38 PM


Democratic leaders said Thursday that they want the struggling American car manufacturers to submit a business plan in the next two weeks in order to receive billions of dollars in emergency aid from the federal government.

Senate Majority Leader Harry Reid (D-Nev.) and House Speaker Nancy Pelosi (D-Calif.) said they would return in December to review the plans, which are due by Dec. 2. Congress would then return on Dec. 8 to consider a proposal to help the auto industry.

The leaders made the announcement after saying they would not accept a deal, worked out by Republican and Democratic senators from Rust Belt states, that would lift restrictions on $25 billion in money previously approved to help automakers retool their plants to make more fuel-efficient cars.

“Executives for auto companies have not been able to convince this Congress or the American people that this bailout will be the last,” Reid said.

Instead, they want automakers to come up with a plan that shows how they would use the money.
“Until they show us a plan, we cannot show them the money,” Pelosi said.

[Kalyke]

1. It's not a bad idea.

I think Ford will be the first one back with theirs because, hell, it's already written. Ford needs to hang on for about six months, at best, before it will be back in the graces of the eco-community. They're putting out some new hybrids in 2009 and bringing over their European line.

Don't know so much about GM and Chrysler.

[GrizzlyMan]

2. Well GM is about to come out with a new Camaro

:crazy:

[LaurenG]

3. Ha that's exactly what I said they needed!

I want to know what their plans are too.

Geez these jet setters are arrogant to think they'll get the AIG treatment!2!11 ;)

[jwirr]

4. That is only sound business practice when lending money. To bad

the banks never heard of it.