Michigan Governor Defends Auto Loans
By: Import User
Updated: February 23, 2009
(Washington, DC) -- Michigan Governor Jennifer Granholm is defending the billions of dollars loaned by the federal government to General Motors and Chrysler to help the automakers revamp themselves.
On "Fox News Sunday," the Great Lakes state Democrat said the money will be paid back and added the underlying problem is people aren't buying cars of any sort, foreign or domestic.
Granholm said every other nation with an auto industry is helping their respective auto companies.
South Carolina Republican Governor Mark Sanford disagreed with the need for help, saying other companies like BMW have successfully changed how they do business.
BMW has an assembly plant in his state.
Minnesota Republican Governor Tim Pawlenty said the industry needs to be restructured in order to survive and pushed for the federal government to oversee a bankruptcy for the likes of GM and Chrysler.
Granholm pitched for the government to help in some way to pay for the health care of retirees.
She said that has been done overseas.
(Copyright 2009 by Newsroom Solutions)
