Friday, November 14, 2008

Bond Open To Auto Bailout

Sen. Kit Bond is open to a possible $25 billion dollar emergency loan package for the three big U.S. automakers. But it's unclear if it will even come to a vote.
"While I have real concerns with another taxpayer-funded bailout, there are also thousands of workers in Missouri whose jobs are on the line so the devil will be in the details," Bond said in a statement.
Democrats are eyeing Missouri Sen. Kit Bond as one of about a dozen Republicans who may join them in supporting a bill to rescue the beleaguered auto industry.
Senior Democrats are drafting legislation that would carve out part of the $700 billion Wall Street bailout for loans to the three major U.S. auto companies in exchange for a government ownership stake in the companies.
Missouri's junior senator, Democrat Claire McCaskill, says she supports the concept, but wants to see more protections for taxpayers before she can vote for the bill.

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