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Let's Divert Green $$$ to Aid Autos: White House

Perino slams Dem plan to use bailout money

By Neal Colgrass,  Newser Staff

Posted Nov 14, 2008 7:45 PM CST
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(Newser) – The White House urged Congress today to prop up the Big Three automakers with $25 billion in federal funding—and nix environmental provisions attached to that money, the Wall Street Journal reports. Approved last year, the dollars were designated to help carmakers convert to more fuel-efficient vehicles. Now they can "accelerate much needed funds to the auto companies," the White House said.

The announcement heated up a bipartisan battle scheduled for next week in Congress. Democratic lawmakers want the Treasury to back the Big Three with money from the $700 billion bailout plan, a move the White House blasted as "a path that will only lead to partisan gridlock."

The General Motors headquarters is seen at dusk in Detroit, Thursday, Nov. 13, 2008.
The General Motors headquarters is seen at dusk in Detroit, Thursday, Nov. 13, 2008.   (AP Photo/Carlos Osorio)
President George W. Bush speaks at the Manhattan Institute, addressing financial markets and the world economy, Thursday, Nov. 13, 2008, at Federal Hall National Monument in New York.
President George W. Bush speaks at the Manhattan Institute, addressing financial markets and the world economy, Thursday, Nov. 13, 2008, at Federal Hall National Monument in New York.   (AP Photo/Kathy Willens)
President George W. Bush speaks on financial markets and the world economy during an appearance at Federal Hall National Monument in New York, Thursday, Nov. 13, 2008.
President George W. Bush speaks on financial markets and the world economy during an appearance at Federal Hall National Monument in New York, Thursday, Nov. 13, 2008.   (AP Photo/Kathy Willens)
White House Press Secretary Dana Perino responds to a reporters question, Monday, Nov. 3, 2008, during her daily briefing at the White House in Washington.
White House Press Secretary Dana Perino responds to a reporters question, Monday, Nov. 3, 2008, during her daily briefing at the White House in Washington.   (AP Photo/Ron Edmonds)
The GM logo hangs over an unsold 2009 Acadia sports-utility vehicle on the lot at a GMC Truck dealership in the south Denver suburb of Littleton, Colo.
The GM logo hangs over an unsold 2009 Acadia sports-utility vehicle on the lot at a GMC Truck dealership in the south Denver suburb of Littleton, Colo.   (AP Photo/David Zalubowski, File)
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COMMENTS
Showing 2 of 2 comments
Mr.C
Nov 15, 2008 10:26 PM CST
Toyota doesn't need bailed out because they are a good company that focused on 'green' before it was required. Let the strong survive - more car companies will come.
Guest
Nov 14, 2008 9:23 PM CST
If GM, FORD and CHRYSLER were producing this car, they would not be in Washington asking for our tax money. First legitimate ELECTRIC CAR coming to the market. Safe, reliable and affordable. Check it out............ Article: http://planetgreen.discovery.com/tech-transport/electric-c100-vehicle.html Video-You Tube: http://www.youtube.com/watch?v=hog9wpZCg8U BeGreen Advocate

Schumer, Dodd differ on aid to autos
Bloomberg

Dems to vote on auto plan despite GOP
CNN

Automakers produce poll to support need for aid
Financial Post

 
Big Three • US automakers • bailout

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