ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

NAM Directors pledge support for financial rescue bill.

Print | 
Email |  Comment   Share  
October 6, 2008 - In meeting with President Bush, group of 13 NAM Directors expressed concerns about economy and their conviction that financial rescue plan pending before House is vitally necessary to prevent economy from dipping into recession. NAM President, John Engler said manufacturers group was greatly disappointed by House vote against rescue package, and is working to persuade legislators to reconsider decision.

NAM Directors Meet With President Bush Supporting Financial Rescue Legislation


(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004
USA



Press release date: October 2, 2008

MANUFACTURERS MEET WITH PRESIDENT BUSH PLEDGING SUPPORT FOR FINANCIAL RESCUE BILL

NAM Directors Say Credit Is Drying Up

WASHINGTON, D.C., October 2, 2008 - A group of 13 Directors of the National Association of Manufacturers (NAM) met with President Bush today to express their concerns about the economy and their conviction that the financial rescue plan pending before the House is vitally necessary to prevent the economy from dipping into recession.

"The manufacturers of America are speaking with one voice about this," said NAM President John Engler. "The credit markets are in turmoil. Even healthy companies with solid balance sheets and order backlogs cannot obtain the routine financing they need to meet payroll and expand productive capacity. Congress needs to send this measure to the President's desk. This is not about Wall Street, this is about Main Street."

Engler said the manufacturers group was greatly disappointed by the House vote against the rescue package on Monday, and is working to persuade the legislators to reconsider that decision. "This is no time for second guessing and we can't afford further delays," Engler said. "This is one of those pivotal moments in history when we all have to come together to do what is right and necessary for the country. We need to get this done this week."

Companies represented in the delegation were:
o Power Curbers, Inc., Salisbury, N.C.
o Vermeer Corporation, Pella, IA.
o Technical Materials, Inc., Lincoln, R.I.
o Carter Products, Inc., Grand Rapids, MI.
o Pine Hall Brick Company, Inc., Winston-Salem, NC.
o Bison Gear & Engineering Corporation, St. Charles, Il.
o Click Bond, Inc., Carson City, NV.
o Cummins, Inc., Columbus, IN.
o ACE Clearwater Enterprises, Torrance, CA.
o Marlin Steel Wire Products, Llc, Baltimore, MD.
o Quality Float Works, Schaumburg, IL.
o Compass Minerals International, Overland Park, KS.
o Phoenix Closures, Inc., Naperville, IL.

The Directors also are calling upon their representatives in the House to support the legislation, focusing particular attention on those who voted against it on Monday.

Mary Andringa, President and Chief Executive Officer of Vermeer Manufacturing Corporation in Pella, Iowa, who serves as Chairman of the NAM's Small and Medium-Sized Manufacturers, expressed optimism that the House will reverse the Monday vote. "We met with the President this morning. These directors speak for many thousands more around the country. We need to get this done and I believe the House will do the right thing tomorrow," she said.

The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country. Visit the NAM's award-winning web site at www.nam.org for more information about manufacturing and the economy.

CONTACT:
HANK COX (202) 637-3090
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 See more product news in:
Services
| Featured Manufacturing Jobs
 Other News from this company:
NACD and Associquim Sign Memorandum of Understanding
Good News on ACA Implementation - Kind of
Participate in Manufacturing Day - Mark Your Calendars for October 4!
Business Group Praises Bipartisan Introduction of Bill Preventing Costly and Unnecessary Regulation of Main Street Risk Management
Manufacturers Win in Fight Against NLRB Overreach
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Trade Associations


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address