Con to the question "Should the Big Three Car Manufacturers Be Bailed out by the US Government?"
"I don't speak for every Republican, but I suppose most of us will oppose it as a very bad idea. This didn't happen to the auto companies overnight. For years they've been sick. They have a bad business model. They have contracts negotiated with the United Auto Workers that impose huge costs.
The average hourly cost per worker in this country is about $28.48. For these auto makers, it's $73. And for the Japanese auto companies working here in the United States, it's $48. So you've got huge costs there.
And the people who would be paying the bill for this, the average worker in the United States, I don't think should be burdened with bailing out the auto companies that have been sick for a long time."
Interview on FOX News Sunday with Chris Wallace, Nov. 16, 2008
Experts Individuals with JDs, PhDs, other relevant advanced degrees, CEO's of major car manufacturing companies, and government officials with significant involvement in, or related to, automotive, business, and bankruptcy issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
US Senator (R-AZ), 1994-present
Chair, Subcommittee on Taxation and IRS Oversight, US Senate Finance Committee
Chair, Subcommittee on Terrorism, Technology and Homeland Security, US Senate Judiciary Committee
Recipient, Dr. Nathan Davis Award, American Medical Association, 2006
Recipient, Manufacturing Legislative Excellence, National Association of Manufacturers, 2006
Recipient, Statesman Award, Committee on the Present Danger, 2006
Recipient, Best & Brightest, American Conservative Union, 2005
Recipient, National Parks Achievement Award, National Parks Conservation Association, 2005
Congressman, US House of Representatives, 1986-1994
Chairman, Phoenix Chamber of Commerce, 1985
Attorney, Jennings, Strouss and Salmon, 1966-1986
Founder, Arizona Crime Victim Foundation, Arizona State Bar, 1983