The News Review:
- Caravan of Auto Company Backers Hopes to Win Over Washington
- Auto Makers Settle for Tough Love
- Officials say auto CEOs must be specific on bailout plans
- Obama: Auto Executives ‘Tone Deaf’ to Concerns of Ordinary Americans
Caravan of Auto Company Backers Hopes to Win Over Washington
New York Times, United States
The 525-mile drive will occur as auto executives make a second plea for federal assistance. The caravan participants are not asking for money directly, but are among those who would suffer if the industry collapsed. As of now, the three executives —.
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Auto Makers Settle for Tough Love
Wall Street Journal
America shouldn’t let the auto makers “vanish,” he said at a news conference. But the auto companies should get help, he added, only when they show a better plan for pulling out of their downward slide. It seems the only love auto makers can get from Washington these days is of the tough variety — and from some quarters they can’t get even that. All told, the auto industry is seeing its political support crumple like a badly rusted fender.
Officials say auto CEOs must be specific on bailout plans
USA Today
“What we can’t give is a blank check for an industry that isn’t prepared to retool itself,” David Axelrod, a senior adviser to President-elect Barack Obama, said on Fox News Sunday. “I would hope they will come back to Washington in early December on commercial flights with a plan to do that. ”
Key policymakers on the Sunday news shows warned that efforts to help the auto industry have been complicated by its CEOs, who flew private jets to Washington last week to ask for a bailout and failed to present a convincing business plan. “That was crazy,” Austan Goolsbee, one of Obama’s top economic advisers, said on CBS’ Face the Nation.
Obama: Auto Executives ‘Tone Deaf’ to Concerns of Ordinary Americans
FOXNews
the least you can do is say, ‘I’m willing to make some sacrifice as well, because I recognize that there are people who are a lot less well off, who are going through some pretty tough times,” Obama told ABC’s Barbara Walters in interview excerpts released by the network. Obama said the Big 3 automakers are a ‘little tone deaf to what’s happening in America right now’ — a problem that has become chronic. The heads of General Motors, Ford and Chrysler drew fire last week for flying to Washington in separate corporate jets to ask Congress for federal assistance for their ailing companies. “We’re sort of focused on them. But I think it’s been a problem for the captains of industry generally,” Obama told Walters in the interview, to air Wednesday. “When people are pulling down hundred million dollar bonuses on Wall Street, and taking enormous risks with other people’s money, that indicates a sense that you don’t have any perspective on what’s happening to ordinary Americans. “The Associated Press contributed to this report.