McCain Pledges To Help Auto Industry

Republican Presidential Candidate Says His Plans Will Help Jump-Start U.S. Economy

(AP)  Republican presidential candidate John McCain pledged Friday to help auto workers rebuild their industry and in the process jump-start the entire U.S. economy.

Standing in a town hall meeting with hundreds of people and several shiny new cars, McCain sounded at times like a confident, encouraging salesman as he praised General Motors' plans for a long-range electric car.

“The key, integral, vital part of our ability to eliminate our dependence on foreign oil will be directly related to that sign over there,” said McCain, pointing to a sign for the Chevrolet Volt. “I wish you every success, and I want to help in every way.”

Trailing Democrat Barack Obama in polling on economic issues, the likely Republican nominee sought to bolster his appeal to voters by speaking to those who've seen fellow workers lose jobs and homes in Michigan.

Even as Detroit's Big Three automakers try to adapt rapidly to demand for smaller, more efficient cars that sip $4- a-gallon gas, many in the industry fear the presidential candidates' talk of energy alternatives and conservation will translate into more job losses.

Earlier this week, GM announced $15 billion in cuts, borrowing and asset sales as it tries to weather a huge dropoff in sales of trucks and large cars on top of more long-term cost problems.

At the General Motors Corp. Design Center, GM CEO Rick Wagoner and other company officials gave McCain a tour before he spoke to engineers and other workers. McCain, who has proposed giving a $5,000 tax credit for those who buy a no-emissions car, said the successful technology would mean hundreds of thousands of new jobs.

Most questions from the crowd centered on economic issues like health care, free trade and the effect environmental laws could have on the U.S. auto industry.

McCain also pushed a plan for the government to help homeowners struggling to make their mortgage payments get a new, cheaper fixed-rate mortgage.

“There's thousands and thousands and thousands of citizens in this state who can't afford the payments to stay in their homes,” he said.

“We've got to hit bottom someplace and then it's going to start up again,” he said, but until that happens, the government should work to keep people in their homes by giving them access to fixed-rate lending.

While polls show McCain trails Obama on economic issues, Obama trails McCain on foreign affairs issues. Each candidate is trying to shore up his credentials in those perceived weaknesses, McCain by hammering domestic economic plans and Obama with a trip to the Middle East and Europe.

Last week the McCain campaign stumbled when a top economic adviser, former Sen. Phil Gramm, said that the nation was in a “mental recession” and had become “a nation of whiners” - sentiments McCain rejected. At his town hall event, members of the audience needed no convincing about the country's poor financial state.

“We're close to hitting rock bottom,” said Barry Narris, a McCain supporter.

“Every time it seems like it's going to turn around a little bit, something else bad happens,” echoed Julie Ferries, a design engineer. “It's one step forward, two steps back.”

John Evans, a mechanical engineer, said he had been leaning toward voting for Obama but liked much of what McCain said.

“Economically, it's a sad state we're in,” said Evans, noting that two homes bordering his are in foreclosure. “We need some real change, because we're not getting enough people educated in high-tech.”

One woman questioned McCain pointedly on Iraq and how he would approach Iran.

“We lost Vietnam. You said you knew how to win wars. ... I don't know if winning wars is necessarily something that a president wants to do or should do,” the woman said.

McCain said the United States needs to keep a steady, firm hand in dealings with both Iraq and Iran.

“I believe that we can modify Iranian behavior. We need to exhaust every possible option before we can ever consider a military option. Americans have made great sacrifices and it has grieved us all,” he said. “If we failed, if we were defeated, we would face much greater sacrifice of American blood and treasure.”

[frankinaz]

The American auto industry needs to help itself out: By making dependable, reliable, and affordable cars that will last. My last American vehicle was a regal piece of junk-Even though I took good care of it, the vehicle did not take care of me; leaving me stranded several times miles from home. Thank God for AAA.
Until proven otherwise, that will be the last American vehicle I ever own.

[mycommentspg]

If you actually study the real issues and the candidates, the choice in November will be easy. http://mycommentspage.blogspot.com/

[chrisl45]

John McCain is helping to change the ailing auto-industry by guiding them to greener technology. He is a learder of the highest class. He sets realistic goals which put to use America''s inventive ideas.

[starleo146]

McCain has some great ideas. The auto industry needs jumpstarting. It''''s a great step and great practical idea.

Posted by standlee5 at 06:48 PM : Jul 18, 2008
+ report abuse

Yep, now that we are all trying to ride scooters, motorcycles, and bicycles too late mc Bush Bish killed it already

[wardoglrs]

There you go America to Dumb Downed to know ObamaNation & McCaineism has nothing in there plan that will do any good for this country.

Educate yourselves before you pull that vote http://mises.org/

This country is a Welfare/Warfare nation
it cant continue on this path. Your dollar is worthless your inflation is high and your taxes are to much. You hurt only yourselves and the poor.

Your 4th Amendment rights ''FISA BILL" are no more there gone you fools gotta wake up, my god cant you see this?.

[pr_boxer]

McBush isn''t a Liberal, he''s not a Conservative, or even a Centrist, he doesn''t understand political or economic theory well enough to have any strong principles !

Sorry GOP you''ve picked loser!

[pr_boxer]

McBush will surely help auto workers.... as long as they''re willing to re-locate to India, or Korea.

[chrisl45]

Senator John McCain is doing all he can to help the US economy, green technology, and the future of the United States. He is living the American Dream. Yes, John McCain will do all he can to pursue anything that will help the United States. He is going to town wall meetings, and seeking communication ventues outside of the states. God Bless John McCain, our troops, and our entire nation.

[kansas1946]

There goes McCain, veering to the left and sucking up to the unions. This will make the right-wing spit-slingers, verrrrrrryyy unhappy.

[libsluv2spi1]

the only thing that mccain could fix is his wife cindy after he hit her!

[standlee5]

I know two people who have just purchased their first NEW car in their lifetime. One bought a Chevy Cobalt and the other a Hyundai Accent. They got great deals and buried their gas hogs. Last year I downsized and it''s like back in the 70''s when you got your first VW bug and your parents were still driving the Cadillacs, and Buicks with fins.

[standlee5]

McCain has some great ideas. The auto industry needs jumpstarting. It''s a great step and great practical idea.

[wardoglrs]

Why wont they just throw a life line at these people like they do for the Fannie''s and the Freddie''s. Whats the difference?.

[rowdywicca2]

McCain Pledges To Help Auto Industry
by selling it to the chinese...

[six-six-seis]

MaCsame will probably asc congress for Tax Breaks for buying american autos,
the majority of which fall appart while still under warranty,
bad deal.