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Well last time they came to Capitol Hill Detroit's chief executives were blasted by lawmakers.
Now that they've ditched those expensive jets have agreed to work for a dollar a year at least until their companies become profitable.
Montana senator Jon Tester is a member of the banking committee he says they are headed in the right -- direction the other question a lot of questions really right now.
About their plans and their requests for the money so senator you still haven't decided whether or not to to vote for this 34 billion dollar plan.
Now I mean I think the jury's still out I am very very happy that the the CEOs.
Chose to follow the Lee Iacocca example and work for a dollar and tell.
-- company's turnaround.
It's a good first step make no mistake about it I think it shows.
A symbol of good faith.
But there's a lot more questions that need to be answered years -- hearing goes on.
As you reporters pointed out we've got to do and individuals the GAO off now we'll have the auto.
Auto manufacturers up next there's a lot of questions.
But more importantly there's a lot of answers in the -- what.
-- your constituents back in Montana telling you I mean I know that there are a lot of them who drive their Ford F 150s and Chevy Suburban and you know they'd like to see these companies stay in business but at the same time.
Do they deserve this kind of taxpayer money.
Why exactly right we we love -- we love our cars and pick ups but the truth is taxpayers need to be a protected in this situation and we need to make sure we're not back here.
In in a year or or or even shorter than that -- these folks out there's got to be a long term solution.
And they've got to start build vehicles quite frankly that.
That meet the expectations and the needs of the people in this country you know you know cafe standards need to be met and exceeded we need to be on the cutting edge of those I think.
So reliability should be the standard GM Chrysler -- Ford should be setting the standard for liability and they've come a long ways with the got a long ways to go.
The bottom line is this John.
The long term -- these folks are are rolling out here but we're gonna ask questions about that they need to truly be a long term plan taxpayers putting up very very hard earned money.
We need to make sure we appropriate those dollars that they're put to good use and we don't come back here again another bailout package and true.
Well you've heard the argument that it isn't really a bailout package it's alone -- respond -- that.
Well it's only a lot of that they have backed him that is so so their business plan there's any lender would tell you their business plan has to be a good one.
So that they can play Pitt head back and we'll be asking questions about their business plan as its payrolls roll forward.
You pointed out that they have made some progress in building more reliable vehicles -- vehicles that get better fuel economy they say that you know so much of of I guess vitriol all that's being directed against them is based on sort of all the information and old impressions of Detroit -- -- Well you know I'm I still farm I just got to pick up here a month or so -- I can tell you when I created my old one off about the new on my mileage went down it didn't go up.
And I don't know.
It's an exception of the rule but we need to be on the cutting -- is the greatest country in the world we need to make sure our manufacturing base isn't following the leader we need to make sure we are the leader.
And when it comes it.
Fuel economy standards we have a long ways to go on I think the cafe standards we set a minimum we've that would encourage the manufacturers to exceed them.
And exceed them by by a great margin.
The people in this country we're in economic -- tell you this John you know this of people out there watching you know there's these are difficult times.
And we need to make sure that when one of dollars that we get the biggest -- for the money whether it's you know loan or bailout package for the auto enters her whether -- Gordon's.
To the to the auto dealer and buy them by that that vehicle that you're gonna depend upon the two major investment for every family -- country.
Just so you know senator we've got those hearings up live on the screen next to your.
Picture there you've been good enough to step out and and share your thoughts with us when are you going to decide whether or not whether or not they get your vote.
Well it's gonna it's gonna be depending much much on this I think that if anything that -- the 700 bailout that 700 billion dollar bailout was taught -- attorneys to be better oversight there needs to be better transparency.
And you know we need to make sure that that happens in this we need to make sure their business plans for the long term so I'll be making my decision probably after -- banking hearing.
At some point in time I've read the plans -- studied the plans.
I'll go back to the committee hearing and and and question the gentleman from jail there's some economists up later plus -- Big Three auto CEOs so we've got the opportunity get the information.
We just need to make sure that the answer the question right senator Jon Tester Democrat of Montana Pataki thanks.
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