Feds offer relief to auto suppliers

There are 6 comments on the WOOD-TV Grand Rapids and Michigan story from Apr 8, 2009, titled Feds offer relief to auto suppliers. In it, WOOD-TV Grand Rapids and Michigan reports that:

In a move that could help shore up a vital sector of the auto industry, the White House is opening up the national checkbook to auto suppliers.

Join the discussion below, or Read more at WOOD-TV Grand Rapids and Michigan.

Since: Nov 07

Caledonia, MI

#1 Apr 8, 2009
Good article in Bloomberg.com today under the politics heading. GM pension promises are garbage when GM goes into bankruptcy. Pensions will be Cut.
Broke in Michigan

Lansing, MI

#2 Apr 8, 2009
Wouldn't it be nice if there were JOBS being created in Washington and not loans?
some guy

Spring Lake, MI

#3 Apr 9, 2009
Right now, the best the government can do is keep suppliers from failing. Protecting the few jobs that are left. Job creation is not an overnight process. However, I feel little hope for any real job creation in this sector, because it's a vicious circle. There are no cars being sold, so less supply is needed, so more layoffs, so less people can afford cars. I'm not sure the auto industry and it's suppliers can take much more. Worse yet will be if GM or Chrysler outright go out of business at some point, the ripple affect into the communities they support will be devestating.
PizzonYou

United States

#4 Apr 10, 2009
I knew someone who worked there and that place was big time conservative republican. How can they take government handouts while at the same time preach hate against entitlement programs? Shamefull...
STOp Talking

Grand Rapids, MI

#5 Apr 21, 2009
End times are near
Lakeshore

Grand Haven, MI

#6 Apr 21, 2009
Broke in Michigan wrote:
Wouldn't it be nice if there were JOBS being created in Washington and not loans?
Washington DOESN'T create jobs. They produce nothing.

They grow Government, regulations, and paper pushers.

People have to quit looking to Washington for the answers. THEY DON'T KNOW WHAT TO DO, except throw money at troubled areas. THAT is their solution.

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