Pelosi and Reid Tell Detroit What They Want


	Pelosi and Reid Tell Detroit What They Want

Brian Wingfield

11-21-2008 7:27 PM

884 views

tags:

gm, ford, chrysler, bailout, pelosi, reid

Brian Wingfield says:

Democratic leaders outline specifically what they want GM, Chrysler, and Ford to include in their plans for viability and accountability, if they are to receive taxpayer money for emergency assistance. The Big Three are expected to reply to Congress by Dec. 2.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8a9efd0c-ea8e-401a-9e12-433d320cf7de/46730B0B-E9BF-47DC-9DF2-8DCB8D0340BE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://speaker.house.gov/newsroom/pressreleases?id=0896" href="http://speaker.house.gov/newsroom/pressreleases?id=0896" style="font-size: 11px;">speaker.house.gov</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://speaker.house.gov/newsroom/pressreleases?id=0896"><SPAN>November 21, 2008</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://speaker.house.gov/newsroom/pressreleases?id=0896"><SPAN>Dear Messrs Wagoner, Mulally, and Nardelli:</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://speaker.house.gov/newsroom/pressreleases?id=0896"><SPAN>We recognize the importance of the domestic automobile industry and are committed to working with you to ensure its viability in the years to come.<SPAN>  </SPAN>One in 10 American jobs is related to auto manufacturing; our national security depends on the industry’s technologies and manufacturing capacity; and our competitiveness in a global economy depends on its pursuit of excellence.</SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://speaker.house.gov/newsroom/pressreleases?id=0896"><SPAN>•<SPAN>       </SPAN>Provide a forthright, documented assessment of the auto companies’ current operating cash position, short-term liquidity needs to continue operations as a going-concern, and how they will meet the financing needs associated with the plan to ensure the companies’ long-term viability as they retool for the future; </SPAN></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/46730B0B-E9BF-47DC-9DF2-8DCB8D0340BE/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>