Congressman Boyd Says "No" to Auto Bailout

By: Blaine Tolison Email
By: Blaine Tolison Email

Local congressman, Allen Boyd, is against the auto industry bailout, voting NO on it Wednesday. Boyd says he is not convinced that bailing out the U.S. auto industry will grow our economy or protect the taxpayers.

The Auto Industry Financing and Restructuring Act passed in the House of Representatives by a vote of 237 to 170. The bill now awaits the Senate's consideration. If the bill passes, it could divvy out 15 billion in loans to aid the U.S. auto industry.

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  • by Jim Location: Tallahassee on Jan 5, 2009 at 11:45 AM
    I watched a lot of football over the holidays and during each game I must have seen about 10 advertisements of Dodge "luxury trucks" racing through an obstacle course and claiming to get 20 MPG (at best). As people continue to lose their jobs and look for more affordable means of transportation, I'm happy to see that Congressman Boyd told the automaker "No bailout for you!". If he's seen the Big Three (and Dodge is by far the worst of them) continue to advertise big gas-guzzling trucks and SUVs, it's obvious that they have no idea what the American public wants, much less how to run a business. Pay attention to what Honda, Toyata, Suburu, etc. are advertising and you'll see why those companies are still competitive in a tough market during tough times. Giving the automakers a bailout (rewarding bad behavior) will only encourage them to continue to "get it wrong". I'm glad Congressman Boyd got it right.
  • by Robert Location: Obrien on Dec 12, 2008 at 06:10 AM
    I bet Mr. Boyd voted FOR the $700 billion financial bailout of which now AIG is giving "retainer" bonuses to executives up to 1 million dollars of the bailout money they got. The auto companies wanted a loan -not a gift. Mr. Boyd should change his political affilitation if he wants to join in the unionbusting the Republican leaders want done.
  • by ccw Location: inyourface on Dec 12, 2008 at 05:31 AM
    Allen got this one right.
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