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News Summary

Voinovich wants auto industry to be part of bailout

By Bridgette Outten

Staff Writer

Thursday, November 13, 2008

Sen. George Voinovich, R-Ohio, supports using part of the $700 billion bailout program to assist the automobile industry, officials announced Thursday, Nov. 13.

"The Senator believes helping the automakers remain viable is truly putting Main Street over Wall Street," said spokesman Chris Paulitz in a statement.

Voinovich, Co-Chairman of the Senate Auto Caucus, will be working with senators Carl Levin, D-Michigan, and Debbie Stabenow, D-Michigan, "to make this a reality," Paulitz said.

Voinovich also wants to ensure that the companies qualifying for U.S. Treasury Secretary Henry Paulson's $700 billion Troubled Asset Relief Program (TARP) funding "are truly viable in order to protect taxpayers down the road," Paulitz said.

Contact this reporter at (937) 328-0374 or boutten@coxohio.com.