GOP Senator Supports Auto Bailouts

Congressional Democrats on Thursday picked up support for plans to help U.S. automakers from a key lawmaker, Ohio Sen. George Voinovich (R). Chris Paulitz, an aide to Voinovich, said the senator would sign onto a letter to be circulated next week by Michigan Democratic Sens. Carl LevinCarl LevinCarl, Sander Levin rebuke Sanders for tax comments on Panama trade deal Supreme Court: Eye on the prize Congress got it wrong on unjustified corporate tax loopholes MORE and Debbie StabenowDebbie StabenowWill Republicans put up more bureaucratic obstacles to healthy kids? Let’s stand with retired military leaders to get healthy school meals over the finish line Dem senators: Slash executive pay at pension plans seeking benefit cuts MORE.

"The senator believes helping the automakers remain viable is truly putting Main Street over Wall Street," Paulitz said. "He has signaled his support to Sens. Levin and Stabenow and is working with them on a letter to their colleagues to make this a reality next week during the lame duck. He also wants to ensure that the companies qualifying for TARP funding are truly viable in order to protect taxpayers down the road."

Bloomberg news reported Thursday that President-elect Barack ObamaBarack ObamaObamas dance with R2-D2, stormtroopers on Star Wars Day McConnell pledges to support Trump Obama meets ‘Little Miss Flint’ MORE is pushing lawmakers to greenlight as much as $50 billion in loans this year for the troubled automakers. Obama would also look to appoint a "czar" to oversee management of the companies, but the plan would need support from the outgoing Bush administration and a less Democratic lame duck Congress in order to be enacted this year.

-Silla Brush

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