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House committee votes to restore GM/Chrysler dealers

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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-08-09 06:12 PM
Original message
House committee votes to restore GM/Chrysler dealers
Edited on Wed Jul-08-09 06:14 PM by blue_onyx
"By a unanimous vote, a U.S. House committee has approved a measure that would restore 2,100 dealers either cut or scheduled to be closed by General Motors Corp. and Chrysler Group LLC.

The vote comes amid growing support in the House for the proposal, with more than 200 cosponsors signed on to a similar bill. Dealers will hold a lobbying event next Tuesday to press for the plan in the House and Senate.

The bill would turn back the clock to before the companies filed for bankruptcy, restoring the 789 dealers cut by Chrysler and 1,300 dealers GM chose to wind down. "


More: http://www.freep.com/article/20090708/BUSINESS01/90708068/1014/House+panel+votes+to+undo+GM++Chrysler+dealer+shutdowns


I know it's horrible that people are losing jobs at these dealers but I don't understand this vote. First, GM/Chrysler are told to "become competitive" but then Congress tries to stop them from taking the steps they feel are necessary to be competitive. It makes no sense.
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MarjorieG Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-08-09 06:24 PM
Response to Original message
1. Election year nervousness puts bad light on gov't intervention.
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WyLoochka Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-08-09 06:31 PM
Response to Original message
2. Bunch of clowns
How well will the "restored" dealers do when GM and Chrysler have to close down entirely?

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Yupster Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-08-09 07:29 PM
Response to Reply #2
4. Why would they need to close,
now that they have government backing.
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david13 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-08-09 07:26 PM
Response to Original message
3. Pure unadulterated insanity.
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