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FOR IMMEDIATE RELEASE |
Contact: Press Office |
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Stabenow
Statement on Administration Announcement of Auto Rescue Package
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| WASHINGTON
—U.S. Senator Debbie Stabenow (D-MI), today made the following statement
regarding the announcement today from the administration that it would
provide over $17 billion in bridge-loan funding to the domestic automakers. “Last week, after a group of Republican Senators chose to put over 2.5 million American jobs at risk, I called on the administration to step up and save the manufacturing base in our country. I am pleased that they have taken action to provide the necessary bridge-loan to help our automakers through this global credit crisis, and preserve jobs here at home. “While today’s actions may not be perfect, and come later
than I had hoped, this investment will ensure that our domestic automakers
will stay solvent into the new year. I look forward to working with
President-elect Obama and the new administration to develop a 21st century
manufacturing policy. A policy that will invest in good-paying, middle-class
jobs, ensure we do not move from a dependence on foreign oil to a dependence
on foreign technology, and preserve a strong American manufacturing
base.” - U.S. Senator Debbie Stabenow |