Showing posts with label auto industry. Show all posts
Showing posts with label auto industry. Show all posts

Thursday, December 11, 2008

Pete Sessions votes against auto industry loan

From Congress.Org:
The House passed H.R. 7321, to authorize financial assistance to eligible automobile manufacturers, by a recorded vote of 237 ayes to 170 noes with 1 voting "present", Roll No. 690.


Pete Sessions was among the House members who voted against the bill, in what turned out to be pretty much of a standard party-line vote. Only 32 Republicans voted in favor of the bill, with 20 Democrats crossing party lines to vote against it.

One Republican voted "present," and the "not voting" members consisted of 11 Democrats and 15 Republicans.

Monday, December 8, 2008

Pete Sessions says auto industry has to "earn" bailout

Back in September, Pete Sessions was one of only 65 House Republicans to vote for the Wall St. bailout, a plan with no pre-conditions attached to it, a blank check to Henry Paulson, no questions asked. So what does he think about helping the auto industry?

Dallas Morning News reporter Mark Norris asked Pete Sessions about Congressional help for the auto industry:
I asked him about Thursday's automaker bailout hearings and what the next step is.
Mr. Sessions said he does not believe the votes are there in the House to pass any such legislation right now.

"They did not sufficiently prove to us that they would make the necessary changes to take their part of the equation and be successful," Mr. Sessions said. "GM is the private sector and owned by shareholders. In a free enterprise system, that is not something the government should look lightly of being a part of."

However, Mr. Sessions said he would be open to more hearings and questioning to find out more about what the automakers would do to modernize and evolve.
I agree that the auto industry needs to make a lot of changes, but so does Wall Street, which is why so many of us told Congress not bail them unconditionally. Apparently, Pete Sessions has one set of standards for people who make cars, and another for those who make money.