White House: "Very Cautious" on Auto Bailout


	White House: "Very Cautious" on Auto Bailout

Andrew Gillies

9-12-2008 3:06 PM

903 views

Andrew Gillies says:

Let's see how this one plays out. Michigan is perceived as one of Senator McCain's top pick-up opportunities.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/30d5de1a-9b27-4720-8023-7c570ae0e347/52B677F9-5C4C-4816-8E4F-2848D4EF146A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002949906" href="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002949906" style="font-size: 11px;">www.cqpolitics.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002949906"><H1 class="headline-story">White House Wary About Loans to U.S. Automakers</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002949906"><P>The White House sounded a note of caution Friday on proposed federal loans for automakers as a top executive prepared to make the industry’s case on Capitol Hill.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002949906"><P>“Obviously, we want to be very, very careful about the government’s role with private enterprise out there,” spokesman Tony Fratto told reporters. “There are lots of industries that are dealing with challenging economic conditions, and it’s always important to be very cautious about the federal government’s role.”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002949906"><P>Nonetheless, Fratto didn’t rule anything out, and the industry’s plea has some strong support on Capitol Hill.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002949906"><P>The push to help the auto industry comes in the midst of an increasingly tight race for the presidency centered, in part, on a swath of Rust Belt states including Michigan, Indiana and Ohio, where auto-related jobs and businesses are crucial to the economy. The presidential hopefuls of both parties have signed on to the effort. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/52B677F9-5C4C-4816-8E4F-2848D4EF146A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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