Tuesday, September 16, 2008

Congress: Don't bailout out auto companies with no strings attached


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From: Public Citizen



Tell Congress: No auto industry bailout!

Help Public Citizen continue to its pursuit of cleaner, safer vehicles by supporting us

The auto industry has created a nice little mess for itself.

For years, Detroit automakers have fought tooth and nail against federal measures to improve the fuel economy of their fleets. They disregarded rising gas prices and lessons learned from the oil embargoes and shortages of the 1970s.

Now these corporate giants are descending on Washington, D.C., hat in hand to request that the taxpayers bail them out. They want as much as $50 billion in loan guarantees, making us pay for their past mistakes.

Don't let the auto industry get its way with no strings attached!

Never mind that the CEOs of the Big Three (General Motors, Chrysler and Ford) make annual salaries with benefits between $2 million and $12 million even as share prices plummet.

Or the fact that General Motors actually destroyed its zero-emissions electric cars after California eased its emission rules in the early 1980s.

Tell Congress that any bailout language must contain assurances that manufacturers will increase the fuel economy of their fleets beyond the standards set last year by Congress and that their vehicles will comply with all safety standards. Don't let the industry moguls get its way with no strings attached. Otherwise, history will repeat itself. Take action now!

Thank you for all you do,
Maureen Backman
Online Communications Coordinator
feedback@citizen.org


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