Governor Daniels In No Rush to See Bailout Part II
Thanks to Steve Dalton, I was reminded of great advice that Governor Mitch Daniels gave Congress yesterday regarding the potential auto industry bailout.
Gov. Mitch Daniels said today that he’s skeptical that Congress can help the struggling U.S. auto industry.
“Let’s give Congress a chance, but there’s nothing in recent history that suggests they have an answer for this,” Daniels said. “The only thing we know for certain is the way they’ve been doing business does not work and throwing taxpayer dollars after it won’t make it work.”
I love it! He’s in DC yesterday to receive an (or yet another) award, this time from Governing Magazine and he comes out telling it like it is! This is why I like Mitch. Now, don’t count me on the bandwagon to see him run for higher office in 2012, but he certainly is among some of the brightest stars in the GOP amongst the states Republican governors (in addition to Sarah Palin, Bobby Jindal, Tim Pawlenty and Mark Sanford).
And though he says he wasn’t there to give advice to Congress, he did happen to mention one of their oversights since they happen to be passing out money willy-nilly:
“I’m not here to give them advice,” Daniels said. “I just think caution is the watch word. And I don’t know where it ends. I didn’t notice anyone throwing money at the RV industry and that cost Indiana a lot of jobs.”
Mike Pence had this to say about a potential auto industry bailout.
“Rep. Mike Pence, R-6th, said he’s not an absolute “no” on a proposal to help the industry, “but I don’t believe we can bail our way out of a failing economy.” He said he would listen to the argument for a loan to GM, Ford and Chrysler, but he is “very hesitant” to use any of the $700 billion financial-sector rescue money to help the auto industry.”
I admire Congressman Pence for listening, but I’d rather he give an absolute no. We’ll see what the argument is though first.