Ohio's two U.S. senators - one Democrat and one Republican - yesterday renewed their calls for Congressional action to save the Big Three automakers, even as the bailout price tag continued to rise.
U.S. Rep. Marcy Kaptur (D., Toledo) also backed a government bridge loan, while Reps. Bob Latta (R., Bowling Green) and Tim Walberg (R., Tipton, Mich.) remained uncommitted, and Jim Jordan (R., Urbana) stands opposed.
Sen. Sherrod Brown said Congress has heard enough testimony to make a decision.
"There are no absolute guarantees that their plans will succeed, nor can there be. But based on reasonable assumptions, they will return to profitability and repay the federal loans they are seeking within a few years' time. We have two choices. We can either provide bridge loans to the auto industry, or drive the economy off a bridge," Mr. Brown said.
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