Governor Pawlenty Slams GM, Chrysler Bailouts

Jul
26

Governor Pawlenty Slams GM, Chrysler Bailouts

Source: Detroit News

"Minnesota Gov. Tim Pawlenty criticized the decision to use the $700 billion rescue fund to restructure two domestic automakers.

Pawlenty told a group of reporters today at a breakfast sponsored by the Christian Science Monitor that the Obama administration was wrong to swap billions of dollars in loans for equity stakes in General Motors Co. and Chrysler Group LLC.

"I strongly opposed the government taking over the auto companies," said Pawlenty."

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