The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!
Hi, (not you?) | Member Center | Sign Out
Posted: 6:04 p.m. Tuesday, Nov. 18, 2008
By Jamie Dupree
For a second straight day, leaders of the Big Three Automakers are on Capitol Hill, as they basically "beg" for a financial lifeline from the federal government.
Meanwhile, the prospects still don't seem good for action by the lame duck Congress on the automobile aid issue, as even Democratic supporters have been wringing their hands in public about the idea of sending good money down the drain in Detroit.
"You have to change," said Sen. Robert Casey of Pennsylvania.
On the other side, GOP Senators all but mocked the Big Three chieftains, basically saying that one or more of them may have to go the way of the Ford Pinto.
"Is this just life support?" asked Sen. Richard Shelby of Alabama.
Frankly, it was an odd scene to see the execs of Ford, Chrysler and General Motors pleading for help and holding hands with UAW President Ron Gettlefinger.
At one point, an insistent GOP Sen. Bob Corker of Tennessee forced the three to reveal their share of the $25 billion bridge loan - GM would get $10-$12 billion; Ford $7-$8 billion; Chrsyler $7 billion.
Corker then put the UAW chief on the spot and asked him to rank the three companies in terms of most likely to survive to least likely.
"Being in the best shape to the worst, I would rank them Ford, Chrysler and General Motors," said Gettlefinger.
"There may not be a need for three automakers," said Corker.
The three auto chiefs had last night to re-group. We'll see if they come out with a different game plan today.
Frankly, to describe the Congress as "skeptical" about this plan doesn't capture the mood. Many Democrats are openly dumping on the auto companies, while saying that they will back a bridge loan.
I'd like to see how many of them are driving an American car.
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.


You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}