Printer-friendly versionSend to friend

By Doug Cunningham

With the U.S. auto industry hanging by a thread Congressional leaders decided Thursday to postpone financial help until the automakers present Congress with a detailed recovery plan. UAW President Ron Gettelfinger urged Congress not to delay.

[Gettelfinger]: “Congress must not adjourn without an agreement with the Bush administration to move forward with an emergency rescue plan for the domestic auto companies.”

Michigan Senator Carl Levin says he and five other senators have a plan for immediate aid to the auto industry. He says government must act, because to allow the Detroit Three automakers to go bankrupt will be devastate millions of workers and their families.

[Levin]: “We cannot allow the issue of which source of already-appropriated funds will be used for the essential purpose of preventing this economy from sliding into a depression – which is a real possibility if one or more of the domestic auto companies goes under.”

Congress is scheduled to return December 8th to re-visit aid to the auto industry.