“We may need to make a statement of confidence in our auto industry,” Pelosi told NPR this afternoon. “We’re not saving those companies, we’re saving an industry. We’re saving an industrial technological and manufacturing base… It’s about jobs in America.”
Pelosi held a meeting Monday with Democratic leaders to consider a request from Detroit’s Big Three automakers for another $25 billion in “bridge financing” to help them survive a huge downturn in auto sales this year. “It would be our intention to have some level of recoupment for the taxpayer,” Pelosi said.
She acknowledged that taxpayers could resent “what they consider to be a bailout of inefficiencies” in the auto industry.
Last December, she had the Energy Bill sent to President Bush in a Japanese Prius!
Maybe she should’ve thought of that before her and the other uber leftist crack pots stopped drilling for domestic oil, construction of new refineries, and passed unrealistic CAFE standards. All of which severely hurt the domestic car industry. Obama’s stated intent to bankrupt the coal industry will make the domestic auto industry even less competitive as it will destroy the bulk of the domestic steel industry in the process. Not to mention what damage the Cap and Trade snake oil is going to do to the transportation industry. I doubt UPS is going to be able to sell a lot of deliveries when a letter costs $120 to send across the country within the next week and over night will be $200+. I think the Airlines will tank when JP4 prices cause the cheapest ticket to exceed $1000. Yep, Obama, Nancy and crew will certainly change this country. Third world economy here we come. It’s no wonder they want to take everyone’s guns, they know it might be the only way they survive to the next election. Screw being reelected, Obama should be worried about living to retirement. If the economy goes too far south, the rising level of discontent could lead to violent riots in Washington that could approximate the French Reign of Terror.