Auto bailout proposal sparks debate
Growing concerns among key players in the recent automaker bailout proposal may not be enough to push back a vote that could come as early as Wednesday afternoon.
Some skeptics say that the bailout is merely a Band-Aid for a much larger problem while others say it?s a necessary first step in the right direction.
?Closing down the auto industry in not an option,? says Rep. Emmanuel Cleaver (D ? Mo.). ?No one would burn down their house to get rid of a rat.?
The $15 billion plan calls for a restructuring of the auto industry to be overseen by a ?car czar,? who has yet to be announced. The sooner the bill passes, the faster federal dollars will help automakers. Local residents have mixed opinions about the proposed plan.