"I do know that all of the Michigan delegation worked very hard as related to the revival of the auto industry. There was really a choice between bankruptcy and liquidation. There was no one that was willing to come up not only with the cash to keep them afloat but also to serve the warranties of everyone, you and I that drive all these cars. There was no one that could have picked up those pieces other than the federal government. [The auto bailout was] bipartisan from the get-go. [Without it,] Michigan would have hit 40 percent unemployment rates."

3 likes

Source: New NHTSA Administrator Sue Bailey Already in Hot Seat Over Firestone Tire Problems. Morning News with Daryn Kagan, www.cnn.com. September 12, 2000.

About the author

Fred Upton

Politician

Fred Upton is a U.S. Congressman known for his leadership in technology and healthcare policy, significantly impacting legislative reforms.

All quotes by Fred Upton →

Same author

More quotes by Fred Upton

See all →
Fred Upton Politician

"Nuclear is not only emissions-free, but renewing our commitment to nuclear power will create countless jobs at a time when our nation endures nearly double-digit unemployment."

Read quote
Fred Upton Politician

"Our work on light bulbs wasn't an arbitrary mandate. We didn't just pick a standard out of the air, or look for a catchy sounding standard like 25 by 2025 not based in science or feasibility. Instead, we worked with both industry and environmental groups to come up with a standard that made sense and was doable."

Read quote
Fred Upton Politician

"Common sense tells us that this explosion of media sources should eliminate any concern over a lack of diversity of views in the marketplace and competition."

Read quote
Fred Upton Politician

"It's critical - that the people that are benefiting today from Medicare and Social Security that they not see benefit reductions. It's awfully hard to tell someone who might be 82, that they've gotta go back to work, because their benefits are gonna be chopped. That's not gonna happen."

Read quote
Fred Upton Politician

"For those broadcasters who are less than responsible, the FCC needs to have sharper teeth to enforce the law."

Read quote