Republican Senators Speak Out Against Bailout of Auto Industry

      Republican Senators hit the Sunday morning news shows to discuss the proposed bailout of the auto industry.  Here are some notable quotes:


"Companies fail every day and others take their place. I think this is a road we should not go down." - Senator Richard Shelby


"They're not building the right products," he said. "They've got good workers but I don't believe they've got good management. They don't innovate. They're a dinosaur in a sense." - Senator Richard Shelby


 "Just giving them $25 billion doesn't change anything. It just puts off for six months or so the day of reckoning." - Senator Jon Kyl


"It's not the General Motors we grew up with. It's a General Motors that is headed down this road to oblivion," said Shelby. "Should we intervene to slow it down, knowing it's going to happen? I say no, not for the American taxpayer." - Senator Richard Shelby



      Legislation to bailout the auto industry is supposed to be introduced tomorrow, with a vote happening later this week.  We cannot allow tax dollars to be used in order to save companies from themselves.  They were managed poorly, and now they must suffer the consequences.  More government intervention is not the answer.




http://news.yahoo.com/s/ap/20081116/ap_on_go_co/auto_bailout;_ylt=AvMfKEaucpX44y.CZo4hN3Fh24cA

 

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