House Republican LeaderJohn Boehner released a statement today after General Motors filed for bankruptcy protection:
"This agreement may buy some time, but does nothing to ensure GM’s success. The only thing it makes clear is that the government is firmly in the business of running companies using taxpayer dollars. Does anyone really believe that politicians and bureaucrats in Washington can successfully steer a multinational corporation to economic viability? It’s time for the Administration to fully explain what the exit strategy is to get the U.S. government out of the board room once and for all.
“The success of our automotive industry is critical to families, workers, and communities across America, including my home state of Ohio. But the policies coming out of Washington have been conflicting and counterproductive, while leaving American workers holding the bag. On one hand, the Administration says it is committed to keeping GM afloat, but then it announces increased CAFE standards that would force more American auto jobs overseas. Auto workers and retirees, their families, and all taxpayers deserve better.”