White House backs GOP auto plan

Published: Nov. 19, 2008 at 9:55 PM
Order reprints
WASHINGTON, Nov. 19 (UPI) -- The White House is supporting a Republican proposal in the Senate to redirect $25 billion in bailout funds to U.S. automakers, a spokeswoman said.

Executives from Ford Motor Co., General Motors Corp. and Chrysler LLC were on Capitol Hill Wednesday asking for federal assistance.

White House spokeswoman Dana Perino said the Bush administration backs the compromise offered by Sens. George Voinovich, R-Ohio, and Kit Bond, R-Mo.

"We support the Bond-Voinovich amendment," Perino said. "What we are concerned about is that Congress could leave without acting on it."

She said if Congress recesses without voting on the measure then lawmakers "will bear responsibility for anything that happens in the next couple of months during their long vacation."

Perino said the Bond-Voinovich proposal "would not rob" the $700 billion U.S. Treasury program aimed at helping the financial industry. Some Democrats have sought to give the Big Three automakers some of that money.


© 2008 United Press International, Inc. All Rights Reserved.



Landlord 'person of interest' in death (8 min)
Swim club investigated for racism (11 min)
Fla. high court frees death row inmate (14 min)
Ship smokestack emissions kill thousands (16 min)
MLB: Washington 11, Houston 10 (11 inn.) (22 min)
UPI NewsTrack TopNews (25 min)
Steve McNair mourned in Nashville (30 min)
fark
Family tries to lure back lost dog by spraying their own urine all over town. They then want to...
"Oh damn." Obama caught blatantly ogling some of the nicer scenery at the G8 summit, while Sarkozy...
Photoshop this artistic smoker
Swami Baba Ramdev has challenged a landmark Indian court ruling legalising gay sex, claiming it...
AZ man blows a smooth .40 with almost sober looking mugshot
When trying to get away from the police, driving off a boat launch only works on tv and the movies....