Michigan Congressman Joe Knollenberg Supports Auto Industry Bailout

So, I was watching the news last night, and they had Representative Joe Knollenberg (R-MI9) on Neil Cavuto’s show discussing the bailout of the auto industry.  Watch this and I’ll discuss it below:

He talks about bankruptcy not working, because Delphi has been in bankruptcy for years, and then says that if a company goes into bankruptcy, people won’t buy cars from them.  Well, why would somebody STOP buying cars just because the company is in bankruptcy?  That makes absolutely no sense.  People would still buy cars.  People still bought tickets on Northwest Airlines when they were in bankruptcy.

And then here’s the biggest line I heard:

Cavuto: Where do you draw the line with our money?

Knollenberg: It is not your money.

Cavuto: It is!  It is taxpayers money.

Knollenberg: You’ve said you wanted me on this show.  Let me have a little chance to talk.

Then Knollenberg goes on to say that people won’t buy cars because of the credit crisis, and Cavuto brings up the fact that giving $25 billion to the auto industry won’t help end that credit crisis.  In fact, it won’t touch it at all.  Knollenberg said it’s basically just a means of keeping the companies afloat until they can start selling more cars.

I have to say that I was deeply disappointed by Representative Knollenberg here.  I was also disappointed that he voted for the original bailout.

The fact that he said that this is not taxpayers’ money was just appalling.

I like Rep. Knollenberg, but he definitely went down a notch in my mind when I saw this interview.

Done Ranting,

Ranting Republican
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4 Responses to “Michigan Congressman Joe Knollenberg Supports Auto Industry Bailout”

  1. Calvin Says:

    When you buy a car you expect a warranty. If the company goes out of business, the warranty is worthless.

  2. inkslwc Says:

    That’s a big if. And you should still be able to buy an extended warranty from a 3rd party vendor. The local dealers could arrange a deal if the company were to liquidate.

  3. South Carolina Governor Mark Sanford: “Don’t Bail Out My State” « Republican Ranting Says:

    […] bailout: Some in Congress are saying that the auto companies shouldn’t try bankruptcy first (even Represesntative Joe Knollenberg [R-MI9] said this!). In 2008 bailouts became the first resort. Over the past year the federal government has committed […]

  4. Ron Paul Was Right (The [Short] Movie!) « Republican Ranting Says:

    […] Joe Knollenberg (R-MI)  (the one where he said, “It’s not your money”) that I did a blog post on.  When I hear that, it still appalls me that he could say that (and he’s one of my […]

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