Of the five people elected to represent the region in the U.S. House of Representatives, only one voted in favor of the proposed auto bailout.
District 17 Representative Chet Edwards sided with the majority in favor of the $14 billion plan that is meant to help prop up the struggling American auto industry.
While the Democrat was for the plan, the Republican representatives for the region were against the plan. Kevin Brady (District 8), Joe Barton (District 6), John Carter (District 31) and Michael McCaul (District 10) voted against the bill.
Brady released a statement following the vote.
“We need a rebirth of our American auto industry so they can compete against anyone and prosper over the long haul," Brady said in a statement. “In the end, this bill was designed more to protect union contracts and benefits than bring about a serious restructuring, which experts agree will require equal sacrifice by the management, unions, investors and creditors. Plus I’m skeptical that Washington and its new federal ‘car czar’ are qualified by any stretch of the imagination to lead these auto companies into the future. It’s a recipe for disaster.”
The following is an Associated Press report on the passage of the bill in the House:
WASHINGTON (AP) - A plan to throw U.S. automakers a $14-billion lifeline has cleared the House but is still in jeopardy in the Senate.
The House approved the rescue package 237-170 tonight. It would provide loans to GM and Chrysler almost immediately. Ford would also be eligible for government help, although it says it's OK for now.
Backers argue the loan infusion is needed to avoid an industry collapse which would deliver another crushing blow to the national economy. But Senate Republicans are setting up speed bumps. They're demanding that any federal help be contingent on specific actions to restructure, including steep wage cuts and debt restructuring.
As is, the plan would create a presidentially appointed "car czar" to monitor the automakers' commitments to overhaul themselves.
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