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.
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"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.
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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.
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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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