President-elect Barack Obama called on the Bush administration today to speed aid to automakers, saying his economic team was working on additional help that he will consider after his inauguration Jan. 20.Sweet. It's nice having a midwestern guy calling the shots.
... “The auto industry is the backbone of American manufacturing, and a critical part of our attempt to reduce our dependence on foreign oil,” Obama said. “I would like to see the administration do everything it can to accelerate the retooling assistance that Congress has already enacted.
“In addition, I’ve made it a high priority for my transition team to work on additional policy options to help the auto industry adjust.
The auto industry is the backbone of our manufacturing and maintaining our ability to manufacture is critical to not only our economic survival but our national security, as well.
If we can bail-out Wall Street and NY bankers to the tune of $700 billion, investing $25 billion in three of our largest manufacturers so they can re-tool, and survive, is a no-fucking brainer!
Addendum: Oh yeah fellow Michiganders, please take note on who is sitting, front and center, on Barack Obama's economic advisory team. 'Jenny From the Block' Granholm. -- Thank you, thank you very much ...
