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Pelosi: Hands off auto industry
Pelosi: Hands off auto industry
Posted Monday, Oct 5, 2009, 3:44 pm in Employee News
House Speaker Nancy Pelosi said Friday that Congress should take a hands-off approach to overseeing the government’s $80 billion investment in the auto industry, The Detroit News reported.
“We want private sector solutions. We don’t want (the) government running companies,” Pelosi said in an interview with the News. “To the extent that we can fade from importance in terms of what is happening (to GM and Chrysler), the better.”
But Pelosi said Congress has legitimate questions that need to be answered about the “fairness” of decisions by GM and Chrysler Group LLC to close more than 2,000 dealers by the end of next year, the paper said. The automakers say those dealer reductions are crucial to their restructuring, the News said.
Pelosi said Congress might still pass legislation on dealers, “if there isn’t some other fairness that is injected,” the paper said. GM and Chrysler officials met Wednesday with House Majority Leader Steny Hoyer, D-Md., dealers and a White House official in search of a compromise that won’t require congressional intervention the story said. (The Detroit News)
__________________
Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
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