JOHN BOEHNER

Washington (Nov 13, 2008) House Republican Leader John Boehner (R-OH) issued the following statement today on calls by House and Senate Democratic leaders to pass another $25 billion in aid for automakers on top of the $25 billion loan package already approved by the Democrat-controlled Congress earlier this year: 

“Spending billions of additional federal tax dollars with no promises to reform the root causes crippling automakers’ competitiveness around the world is neither fair to taxpayers nor sound fiscal policy.

 

“Earlier this fall, the Democrats in charge of Congress approved a $25 billion loan package for America’s ailing automakers.  Why are Democratic leaders in Congress discussing an additional taxpayer-funded bailout on top of that $25 billion package instead of ensuring these loans are made available to the automakers as quickly as possible?  Why have the Democratic leaders of Congress been willing to provide this money without insisting that the companies receiving these federal dollars demonstrate to Congress and to taxpayers that they have a credible plan to strengthen their financial health?  And what assurances will Democrats give taxpayers about their chances of getting their auto bailout money back?”   

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