Tag Archives: payback

In Support Of Loans For The American Auto Industry

I support the extension of loans by the United States government to help save the American auto industry. What the auto companies are looking for are loans and not handouts.

The United Auto Workers union has agreed to major concessions to help the big three car makers and to help gain approval in Congress to pass the loan package.

Republicans in Congress would love to see the UAW go away as payback for its support of Democratic candidates. Revenge is not a suitable justification for endangering the jobs of hundreds of thousands of people.

One poll suggests the American people are currently opposed to what is being termed–incorrectly–as a “bailout.”

One can understand the fatigue with government money for private concerns. But where are we going to work in this country? How are we going to live? Where are decent jobs going to be found?

I think most people understand–on some level they understand–that what is at issue in this current economic downturn is not simply “when will it end” or “how will I get by for the next few months.”

Rather, the issue is that when the recession has passed as determined by the so-called economic experts, will we as individuals, as families, as members of a community, have viable economic futures? What jobs will be left with salaries and benefits able to sustain us?

I’m not going to oppose this loan package because of private jets, or political calculations, or pointless resentment over what UAW workers are earning. Instead, I’m going to support the future well-being of American workers.

By advocating for other working people, we are advocating for ourselves. By supporting this temporary assistance to the American Auto industry, we are backing the long term economic future of all Americans.