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Biden: McCain doesn't fully support loans for auto industry (Detroit Free Press)

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Muttocracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-25-08 11:04 PM
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Biden: McCain doesn't fully support loans for auto industry (Detroit Free Press)
http://www.freep.com/apps/pbcs.dll/article?AID=/20080825/NEWS15/80825052/1215/NEWS15


WASHINGTON – Democratic vice presidential hopeful Joe Biden wasted no time today in hitting Republican Sen. John McCain on auto industry issues, saying McCain does not fully support the industry’s bid for $50 billion in government loans.

After McCain announced his support for some loan funding on Friday, Barack Obama’s campaign said it would back the full $50 billion request over three years, which would cost the government roughly $7.5 billion. Automakers plan to press Congress to approve the funds before it adjourns this year.

“John McCain has not only opposed these much needed loans for our domestic auto makers, he has openly criticized and shown disdain for them,” Biden said in a statement today. “His recent statements have shown once again that he is not only out of touch with American workers, but that he isn’t being candid about what he does, and doesn’t, support.”

McCain had previously said he was not in favor of the loans, preferring his plans for helping the industry, including a $300 million prize for battery research and a $5,000 tax credit for consumers who buy hybrids or other advanced vehicles.

After intense lobbying by the industry and Michigan lawmakers, McCain said Friday that he supported funding for the $25 billion in loans that Congress approved last year as part of a broader energy bill, saying such loans would help automakers and suppliers “through this difficult time of transition.”
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Muttocracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-25-08 11:31 PM
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1. kick. nt
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-25-08 11:48 PM
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2. EXCELLENT!
Joe Biden wasted no time!!!
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jillan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-25-08 11:54 PM
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3. Thank you Joe for telling it like it is.
We just might get some honesty in the Whitehouse yet.
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JohnnyCougar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-25-08 11:55 PM
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4. Why does John McCain hate Detroit?
Why does he hate America?
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Muttocracy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-26-08 12:29 AM
Response to Reply #4
5. $300 prize AFTER you invent it - or nothing if you don't.
Sounds like a steady plan to me!!!!!
:sarcasm:
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WheelWalker Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-26-08 12:32 AM
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6. Great find! k&r
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Muttocracy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-26-08 12:32 AM
Response to Reply #6
7. Credit due to the Google Alert :)
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Alexander Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-26-08 12:35 AM
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8. K&R
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-26-08 12:36 AM
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9. I like that it's a statement. Joe can sign whatever they want to put out
Edited on Tue Aug-26-08 12:37 AM by Kurt_and_Hunter
that they'd rather not present in Barack's persona/voice.

If McCain is goaded into engaging Biden that's a loss of face, and a bad off-message move. (and also a mismatch.)
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barack the house Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-26-08 01:22 AM
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10. We are rolling now baby. Go get 'em Biden.=)
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