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

NAM President asks White House to expedite auto industry loan.

Print | 
Email |  Comment   Share  
October 15, 2008 - NAM President, John Engler, called upon White House to expedite $25 billion loan package for auto industry approved by Congress as commitment to key industry that affects jobs of millions of American manufacturing workers. In address to Detroit Economic Club, Engler spelled out actions government should take to strengthen fundamentals of U.S. economy, including smarter tax policy, national energy strategy, and commitment to economic growth that comes from trade.

NAM President Engler Calls On White House To Expedite Auto Industry Loans


(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 13, 2008

Says This Is Not A Time For Meetings, It's A Time For Action

DETROIT, Michigan, October 13, 2008 - National Association of Manufacturers President John Engler today called upon the White House to expedite the $25 billion loan package for the auto industry as approved by Congress as a "commitment to a key industry that affects the jobs of millions of American manufacturing workers."

In an address to the Detroit Economic Club, Engler reported the Department of Energy has said it will take months to process the loans approved by Congress. "The Department of Energy cannot delay on this," Engler said. "I call on the White House to finish this before the end of President Bush's term."

Engler said that because of recent turmoil in financial markets, "public confidence has been shaken to the core." He cautioned the audience there are no magic cures available, nor any quick and simple fix. "Fixing what we're facing is going to be hard work and a lot of it."

Engler spelled out a variety of actions the government should take to strengthen the fundamentals of the U.S. economy - a smarter tax policy, a national energy strategy including a resurgent nuclear program, and a commitment to economic growth that comes from trade and support for leadership that gets things done.

Engler urged the leaders of his home state to take the lead in building the fundamentals for manufacturing. "We will not have national security or economic security in the 21st century without a strong manufacturing economy," he said. "Michigan should lead the way, right here, right now."

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.
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