Ford, General Motors, and Chrysler are unlikely to get the help they need from U.S. Rep. Steve King, R-Kiron, when Congress votes on a plan to bail them out (or to provide them a “bridge loan,” depending on your preferred nomenclature). The vote is said to be imminent.
From Radio Iowa:
“It becomes inevitable that either the government own and manage these auto manufacturers or they reform so they can compete in this environment — one or the other — and I do not want the socialization of industry in America,” King says. “I think then we give up so much a part of our free enterprise that we will never become again a viable economic force.”