Congress.org – Oppose $25 Billion Auto Industry Emergency Loans

I oppose the $25 billion in emergency loans to the auto industry because these companies got themselves into this mess with a short-sighted, unsustainable, and inconsiderate business model that should not be rewarded in any way.. and that’s what this would be, a reward for bad behavior.

If they’d spent their money making cars made to last, cars that used less and alternative fuels, cars that were still made in America – they wouldn’t be in this mess. If they hadn’t spent billions of dollars lobbying to fight regulation for greater fuel efficiency, paying their executives 400 times more than their employees, and gambling profits they would never earn on the stock market – they wouldn’t be in this mess.

If they’d still been making fewer, quality cars and earning steady, modest profits held responsibly, then they’d instead be weathering through this downturn in purchases without suffering any “crisis”.

So they want billions of our hard-earned tax dollars? How about they stop making cars we don’t need and start making wind, solar, and thermal generators that we DO need?