Arlington mayor joins with other auto manufacturing city leaders in the nation’s capital

How about another bailout? Eh? Please? Pretty please with carburetors on top?

by PegNews wire

With General Motors plunging like a down-bound train on greased rails, and the other domestic auto makers looking pretty damn sickly, a delegation of desperate mayors from Shreveport, LA, Toledo, OH, Adrian, MI and our own Arlington, TX are meeting today (Nov. 18) with Washington powermongers in an effort to win high-dollar financial support (to the tune of $25 billion) for their bread-and-butter tax-paying local industries.

Arlington's Mayor Robert Cluck wants to make sure that legislators understand the economic impact that the bankruptcy of GM would have on his constituency, and peripherally on the economy in general. (The Arlington GM facility employs 4,000 workers and doles out $390 million in annual paychecks.)

Unfortunately for their arguments, Secretary of the Treasury Henry Paulson told Congress today that he opposes using any of the TARP funds (you know, that $700 billion that our congressfolk earmarked for propping up financial institutions?) for a bailout of the automotive industry.

posted by JM / source: City of Arlington