josh1147 |
12-19-2008 12:44 PM |
Response from MO Senator Akin
I can't wait to vote this moron out of office....he voted FOR the Wall Street bailout and against Automotive.
What a jack-ass......
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Thank you for your correspondence regarding the proposed auto industry bailout. It was good to hear from you and I appreciate the opportunity to respond.
As you may know, the bailout package currently being discussed would provide up to $14 billion in loans to the auto industry.
There is no question that the American auto industry is in a serious predicament - one with far-reaching consequences. That said, I am concerned that adding to government debt will not help these businesses change course and address the issues that have brought them to this point. We simply cannot borrow our way into prosperity, obligating future generations to historic levels of national debt is a recipe for disaster.
It is not clear how the bailout would actually help the auto industry, auto workers and related businesses over the long term. I am very concerned with the tremendous cost of servicing our growing national debt and the real possibility of bankrupting our nation. Moreover, the appointment of a federal bureaucrat as an "auto czar" is a severe and dubious encroachment of government into industry. Auto workers and their families deserve better than a prolonged failure, accompanied by waves of layoffs and plant closings.
The auto industry is a vital part of our American economy. It supports many feeder industries and countless American workers contribute to building the vehicles we drive. The current crisis provides an excellent opportunity to re-think the way this industry does business and I am committed to supporting the kind of reform that will strengthen our domestic auto industry and encourage future innovation. I voted against the current package because I do not believe it did that effectively.
An alternative plan set forth by Republican leadership calls for restructuring from the management level down, incentivizes private investment and encourages innovation. You can view this plan here.
As Americans we have a history of overcoming hardship. Properly managed, I believe this failure will open the door to new successes, fresh ideas and worldwide leadership for the American auto industry. When the auto industry was in its infancy, partnership between eager American workers, innovative managers, and creative designers revolutionized transportation and inspired the world. We can and should be world leaders in evolving transportation once again - to be cleaner, more efficient and less expensive. I look forward to seeing what Americans can do when we address the current problems in the auto industry and innovate for a more competitive future.
Again, thank you for taking the time to contact my office. It is a privilege to represent you and I hope that you will not hesitate to contact me regarding any matter where I might be of assistance. If you would like more information on issues, or would like to share further thoughts with me via e-mail, you may visit my website.
Sincerely,
W. Todd Akin
Member of Congress
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