Saturday, December 06, 2008

A Bridge Loan for America's Auto Industry‏

Our economy is in crisis, and now we are on the brink of losing our U.S. auto industry. If GM, Ford and Chrysler collapse, the effects will be felt everywhere. From machinists at parts manufacturers to beauty salons in auto plant towns, millions of jobs would be lost—deepening the impact of the current recession for all.

The stakes couldn’t be higher, and our lawmakers need to take decisive action now to avoid unthinkable consequences.

Urge Congress to offer a "bridge loan" to our automakers and help get our economy moving again.

An emergency bridge loan, enabling domestic automakers to keep the production lines moving, is a necessary step to revitalize the U.S. auto industry, protect American jobs and begin rebuilding our economy. The automakers have submitted plans to cut costs and strengthen products, and the UAW has announced that workers will do their part, too.

But this is not enough. The automakers need additional financial resources to weather this unprecedented economic downturn.

Contact lawmakers and demand they support an immediate bridge loan to GM, Ford and Chrysler.

The bridge loan requested by the automakers and endorsed by the UAW is not a blank check like the ones Henry Paulson has handed out to Wall Street banks. All three automakers have provided detailed roadmaps to Congress for how they will utilize these loans to revitalize their companies.

Time is running out, and we need Congress to act now. Hearings are being held this week with the automakers, and Congress is expected to vote on the rescue plan next week. Your voice can make the difference for workers across the country.

Contact your lawmakers now and encourage them to support an immediate bridge loan to GM, Ford and Chrysler.

Thank you for all you do. Together, we can save good union jobs and help rebuild America’s middle class.

In solidarity,

Marc Laitin
AFL-CIO Online Mobilization Coordinator



Our economy is in crisis, and now we are on the brink of losing our U.S. auto industry. If GM, Ford and Chrysler collapse, the effects will be felt everywhere. From machinists at parts manufacturers to beauty salons in auto plant towns, millions of jobs would be lost—deepening the impact of the current recession for all.

The stakes couldn’t be higher, and our lawmakers need to take decisive action now to avoid unthinkable consequences.

Urge Congress to offer a "bridge loan" to our automakers and help get our economy moving again.

An emergency bridge loan, enabling domestic automakers to keep the production lines moving, is a necessary step to revitalize the U.S. auto industry, protect American jobs and begin rebuilding our economy. The automakers have submitted plans to cut costs and strengthen products, and the UAW has announced that workers will do their part, too.

But this is not enough. The automakers need additional financial resources to weather this unprecedented economic downturn.

Contact lawmakers and demand they support an immediate bridge loan to GM, Ford and Chrysler.

The bridge loan requested by the automakers and endorsed by the UAW is not a blank check like the ones Henry Paulson has handed out to Wall Street banks. All three automakers have provided detailed roadmaps to Congress for how they will utilize these loans to revitalize their companies.

Time is running out, and we need Congress to act now. Hearings are being held this week with the automakers, and Congress is expected to vote on the rescue plan next week. Your voice can make the difference for workers across the country.

Contact your lawmakers now and encourage them to support an immediate bridge loan to GM, Ford and Chrysler.

Thank you for all you do. Together, we can save good union jobs and help rebuild America’s middle class.

In solidarity,

Marc Laitin
AFL-CIO Online Mobilization Coordinator

No comments: