Auto Industry Hearing, on the House Side

By November 19, 2008Economy, Labor Unions

The prepared testimony from today’s House Financial Services Committee hearing, “Stabilizing the Financial Condition of the American Automobile Industry.”

Panel 2

Panel 3

  • Mrs. Annette Sykora, Chairman, National Automobile Dealers Association
  • Mr. James S. McElya, Chairman and Chief Executive Officer, Cooper-Standard Automotive, Inc.
  • Professor Jeffrey D. Sachs, Director, The Earth Institute; Quetelet Professor of Sustainable Development and Professor of Health Policy and Management, Columbia University
  • Dr. Matthew J. Slaughter, Professor of International Economics, Tuck School of Business, Dartmouth College

And relevant coverage..

The latter refers to a statement made by Minority Leader McConnell, “A Bipartisan Path Forward to Protect Jobs, Taxpayers“:

So let me suggest a bipartisan path forward that has not yet been offered by the majority. It’s a compromise being worked on by Senators Voinovich and Bond which repurposes funds already appropriated by this Congress to fund a $25 billion loan program for automakers to build advanced technology vehicles—coupled with new taxpayer protections and federal oversight of how the money is spent. This is a proposal which I believe has support from both sides of the aisle, and that actually has the potential to pass right now—not next year.


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