Saturday, September 8, 2012

Local car dealers say bailout was "the right thing to do".

President Barack Obama enjoyed by shaking the cheers at the Democratic National Convention of the decision of his administration to bail the GM and Chrysler in 2009, but the local automobile dealers were divided Friday on whether it changes their political views when he seeks re-election.

"", Four interviewed agreed that any president would have done the same thing - same GOP named Mitt Romney, who defended against a rescue in a piece of op - ed 2008 New York Times that said managed bankruptcy "may be the only path to the fundamental restructuring, that the industry is in need."

"Despite what said Romney, he would have, too," said Carroll Smith, owner of Monument Chevrolet in Pasadena. "I think that anyone in this seat would have, because it was the right thing to do." How could you not? »

Smith explained: "I am very conservative and free market advocate, but it is not a free play then market." The credit market is closed completely, and no there was no money to be borrowed. »

He and the others interviewed said the impact on the economy in general to major automakers fails is unimaginable.

"I cannot think of the United States of America and that we weren't motor construction," said Wyatt Wainwright, president of the Houston Automobile Dealers Association. "It was part of our fabric." It would have been so great if she had disappeared. It would impact downstream with the same suppliers. It would have been disastrous. »

"What is good for America."

Steven Wolf, vice president of Helfman Dodge Chrysler Jeep, also painted the rescue plan, with respect to the common good.

"I think it's good for the industry and, most important, good for America," he said.

Unanimity is the end. The president should not expect everyone in the automotive sector to support in November.

Jeff Kuhl, sales at McRee Ford in Dickinson consultant, said that he plans to vote for Obama, which he attributed "a lot of things to stay afloat."

Kuhl, said the president inherited from the financial crisis of the second worst in the history of the country, and it is unrealistic to think that it might be fixed in a few years. It took years to overcome depression, he added, and the forces are out of control of the Obama.

"It makes sense".

Smith, said, that it is simply more aligned with Romney when it comes to "Affairs, taxation and leadership." Obama and the rescue plan, he said, "he did and I applaud him, but I will not vote for him."

Wolf chose to talk about rescue himself, says he is paying off the coast as rebound Chrysler and GM.

"The Government will not all the money back, but probably most of it," Wolf said, "and for the security and the economic prosperity of the country, he had a sense."

Wolf refused to say that he plans to vote for.

David.Kaplan@Chron.com

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