KKTV - Economy - Headlines

Dodd: Rising Joblessness Forces Aid For Automakers

By: Associated Press
By: Associated Press
Sen. Chris Dodd says soaring unemployment across the country amounts to a "game-changer" in the debate over financial aid to the auto industry.

Senate Banking Committee Chairman Sen. Chris Dodd., D-Conn., center, speaks during a news conference with, from left, Sen. Bob Corker, R-Tenn., Sen. Charles Schumer, D-N.Y., Sen. Robert Bennett, R-Utah, Sen. Judd Gregg, R-N.H., and Sen. Jack Reed, D-R.I., following a meeting on the market turmoil on Capitol Hill in Washington, Thursday, Sept. 25, 2008. (AP Photo/Susan Walsh)

Sen. Chris Dodd says soaring unemployment across the country amounts to a "game-changer" in the debate over financial aid to the auto industry.

Dodd said on ABC's "Good Morning America" show Monday that with more and more people losing their jobs, Washington has no choice but to intervene to keep the Big Three auto makers from collapsing.

But Dodd also said he thinks any such plan should include a change in the top leadership of the car makers, although he also said that "it's not my job to hire and fire."

He did say he thinks overhauling the top management of Ford, Chrysler and General Motors is necessary as a gesture of good faith with the American public, whose money would be used for the bailout.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 35717314 - kktv.com/a?a=35717314