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Tag Archive: automaker bailout

Two Items in the National News

A couple of news items caught my eye in the past few days…one is more of speculation, rather than hard news, but it is intriguing nevertheless:

1. Speculation that Earl Blumenauer (D-OR) might be chosen by President-elect Barack Obama to be the Secretary of Transportation. If you’re not familiar with Sen. Blumenauer, you should look him up — a dedicated proponent of bicycling, rail, walking and other non-automobile transportation modes. The speculation is quite thrilling…and I think Sen. Blumenauer would be a fantastic choice.
via Cycleicious (with links to other tidbits).

There’s even some further speculation that Congressman Jim Oberstar (D-MN), chairman of the Transportation and Infrastructure Committee and a long-time champion of the bicycle, could also be in the running. Either one is perfectly fine for me!

2. “Democratic leaders in Congress urged the Bush administration on Saturday to consider using the $700 billion bailout for the financial system to aid distressed American automakers, in a prelude to what may become urgent negotiations over additional economic stimulus measures.” This is being reported in The New York Times. This push is backed by a letter signed by House Speaker Nancy Pelosi (D-CA) and Senate majority leader Harry Reid (D-NV).

REALLY?!? This is the best you can come up with, elected officials? I mean, I feel terrible that a bunch of autoworkers could lose their jobs, but it seems to me (and I freely admit that I am quite biased on this issue) that pouring money into the automotive industry is the LAST thing we should be doing right now. What do the rest of you think?