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11.14.2008 3:59 pm
Bond gets on board with auto bailout
Jake Wagman
St. Louis Post-Dispatch

Bond

From our D.C. bureau chief Bill Lambrecht: Missouri’s Kit Bond is one of two Republican senators to have signed on to a plan to bailout the nation’s automakers.

Detroit wants $25 billion in emergency loans — taken from the larger $700 billion financial bailout approved earlier by Congress — to help the cash-strapped auto companies.

Lambrecht reports that Bond will support the measure provided it includes “taxpayer protections, executive accountability and financial reform of the companies.”

Bond joins Ohio’s George Voinovich as the only other member of the Senate’s GOP caucus to support the bailout plan, being pushed by Democrats.

Supporters of the plan will probably need eight more Republican senators to block a filibuster, Lambrecht reports.


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URL to article: http://www.stltoday.com/blogzone/political-fix/political-fix/2008/11/bond-gets-on-board-with-auto-bailout/

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