Alabama U.S. Senator Richard Shelby calls the bailout plan of Big Three Automakers "Disturbing".
Sen. Shelby is the ranking member on the Senate Banking Committee, and is he questions in the three automakers plans for a bailout from the US Government. Shelby went on to say "I wouldn't loan them any money."
Sen. Shelby said the Federal Reserve can assist the automakers with a smaller loan without the action of congress. But if this smaller assistance come from the Federal Reserve, would it be enough to help the automakers and save our jobs and economy from going deeper into recession? Shelby has been speaking out against the bailouts, however all plans should be given consideration but no guarantee.
This is not a time for our congressional leader to reject back bone of our nation jobs and economy. However, it is the time to question the leadership and management of these giants and operations of the corporations, and ensure the American citizens that accountability will take form for better our economy.
Sen. Shelby is the ranking member on the Senate Banking Committee, and is he questions in the three automakers plans for a bailout from the US Government. Shelby went on to say "I wouldn't loan them any money."
Sen. Shelby said the Federal Reserve can assist the automakers with a smaller loan without the action of congress. But if this smaller assistance come from the Federal Reserve, would it be enough to help the automakers and save our jobs and economy from going deeper into recession? Shelby has been speaking out against the bailouts, however all plans should be given consideration but no guarantee.
This is not a time for our congressional leader to reject back bone of our nation jobs and economy. However, it is the time to question the leadership and management of these giants and operations of the corporations, and ensure the American citizens that accountability will take form for better our economy.
