Thursday, December 11, 2008

McConnell Against $14 Billion Bailout For U.S. Automakers

This was just reported by AP:

The top Senate Republican says he's against a $14 billion bailout for U.S. automakers, breaking with President George W. Bush.

Minority Leader Mitch McConnell says the measure "isn't nearly tough enough" on struggling automakers. The Kentucky Republican says a primary weakness in the measure is with the so-called "car czar." McConnell says that post wouldn't have the power to force the car companies to make the tough concessions needed to ensure their survival.

And McConnell says the government shouldn't intervene in some industries and not others.

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