WASHINGTON, DC- U.S. Senator Bob Casey (D-PA), a member of the Senate Banking Committee, released the following statement after President George Bush’s announcement of emergency loans for the Big Three:
“Today’s announcement by the White House was a necessary step under the circumstances, but one that they could have taken a month ago. During the course of debate in Washington to get to this point, dealers have shut their doors, plants are being idled and thousands of workers have lost their jobs or face great uncertainty.
“As the loan package is implemented, we must ensure accountability to taxpayers and be vigilant that workers are not singled out among all stakeholders and forced to shoulder disproportionate burdens in the form of wage and benefit concessions.”
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