CLAREMORE DAILY PROGRESS: Detroit Bailout?

Excerpt: U.S. Senator Jim Inhofe has taken the lead nationally by challenging the spending of the bailout money. On Monday, the Oklahoma Senator introduced legislation to amend Section 115 of the Emergency Economic Stabilization Act (EESA) to require an affirmative vote on the part of Congress to approve Treasury's plan for the remaining $350 billion and require a freeze on any remaining funds of the first $350 billion, stating, "It is imperative that we not allow that amount of money to be added to a deficit approaching $1 trillion this year without any input from the legislative branch." Thank you Senator Inhofe. Somebody who is accountable to taxpayers needs to be reviewing this unprecedented expenditure.

CLAREMORE DAILY PROGRESS

Detroit Bailout?


By Bailey Dabney, Publisher

Link to article:

http://www.claremoreprogress.com/archivesearch/local_story_325113450.html

November 20, 2008

Wouldn't it be great to see old cars lined up on Highway 66 waiting to drive into Jack Kissee Ford for a test drive?

How about seeing customers crawling all over cars at Suburban Chevrolet like ants on a candy bar? I would absolutely love to have to wait in traffic on Will Rogers Boulevard behind all of the customers that are flooding into Melton Chrysler.

But does anyone really think that giving billions upon billions of dollars to the big three in Detroit is going to make that happen?

The simple fact of the matter is that the problems with the car industry have nothing to do with your local car dealership. It's the money they spend making them that's the problem. It's not the equipment, but the labor costs.

Money alone cannot fix Detroit's problems. It might actually makes things worse by allowing them to continue along the same path that brought them to this place.

U.S. Senator Jim Inhofe has taken the lead nationally by challenging the spending of the bailout money.

On Monday, the Oklahoma Senator introduced legislation to amend Section 115 of the Emergency Economic Stabilization Act (EESA) to require an affirmative vote on the part of Congress to approve Treasury's plan for the remaining $350 billion and require a freeze on any remaining funds of the first $350 billion, stating, "It is imperative that we not allow that amount of money to be added to a deficit approaching $1 trillion this year without any input from the legislative branch."

Thank you Senator Inhofe. Somebody who is accountable to taxpayers needs to be reviewing this unprecedented expenditure.

We need car dealerships in Claremore. When my car is ready for the scrap heap, I certainly hope to buy its replacement right here in town. But we don't have any reason to believe that giving Detroit the $25 billion (with a "B") dollars they seek from taxpayers will do anything to ensure that outcome.

If a new car is in your near future, please shop here first.

That's the best thing you can do to make sure we all get to keep that option.