From Myrick’s Washington, DC office:
(Washington, DC) – US Representative Sue Myrick (NC-09) voted no today on the proposed financial[singlepic=414,270,190,,right] bailout for the automotive industry. The bill, H.R. 7321, provides up to $14 billion in loans to US automakers. It passed by a vote of 237-170.
“There is no guarantee this bailout will be the last for the auto industry,” said Rep. Myrick. “I opposed this bill because it would create a government ‘car czar’ to oversee the domestic auto industry without the authority to ensure the Big Three address their underlying structural problems. Unless the domestic car makers make substantial changes to fundamentally change the way they do business, the reality is they’ll need additional taxpayer assistance in the very near future. ” Continue reading