Rep. Sander Levin On Assisting the US Auto Industry

Today the House is debating HR 7321, the Auto Industry Financing and Restructuring Act to address the American auto industry's request for financial assistance. The legislation provides up to $14 billion in short-term bridge loans and includes accountability measures banning corporate excesses, including no golden parachutes, no bonuses for the 25 most highly paid employees at each company, and no corporate airplanes, with requirements to sell or end leases on any existing aircraft.

Category:

News & Politics

Tags:

• Levin
• Congress
• Democrats
• Auto industry

[daderone]

FIX THE SOUND DAMMIT! Now I'm pissed off

[voyeurdug]

Sound is ~w~e~i~r~d~ ... and cut out at 5:01.

Premise is weak.

Their talking over one another is counterproductive. (Like "The View".)

Nobody's talking about a Treasury Bond issue... to back a loan... and radical pruning of middle-to-top management and their salaries and percs and and and and the Union's padding pay with free medical and free retirement and job banking.

Make shop AND management's pay like the General Schedule, and the Senior Executive Service, and watch what happens.