News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Don Drumm Studios

Meaden & Moore

Area Agency on Aging 10B, Inc.


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business




Auto bailout having limited impact on buyers and voters
Northeast Ohioans at the Cleveland Auto Show are considering style and substance, not the 2009 bailout, when it comes to car buying  – and presidential candidates
by WKSU's KABIR BHATIA
This story is part of a special series.


Reporter
Kabir Bhatia
 
Robin Piccirillo (left) and Rose Ursetti (center) are looking at new cars, regardless of where the automakers' get their money.
Courtesy of K. Bhatia
Download (WKSU Only)
In The Region:
Northeast Ohioans at the Cleveland Auto Show will be browsing GM and Chrysler vehicles that may not have existed without government money.  But, as WKSU's Kabir Bhatia reports, they’re considering style and substance, not the 2009 bailout, when it comes to car buying  – and presidential candidates.
Auto bailout having limited impact on buyers and voters

Other options:
Windows Media / MP3 Download (2:18)


Just a week before Ohio’s primary, all the GOP presidential candidates are explaining their opposition to the bailout of the auto industry. 

The $80 billion deal kept GM and Chrysler – and auto suppliers throughout Ohio – going. It also led to retired marques, closed dealerships, union concessions and other cost-cutting. And it’s put GM back on top as the world’s biggest car company.

Still, both Republican frontrunners Mitt Romney and Rick Santorum have blasted President Obama’s decision, calling it another sign of government invading commerce.

None of that seems to matter at the Cleveland Auto Show, where hundreds of gleaming new vehicles are scattered around the I-X Center in somber displays, replacing the carnival atmosphere of yesteryear.

Robin Piccirillo of Mayfield Heights is considering Ford and Chevy for her next car, bailout or not.

“It really doesn’t matter to me; what matters to me is the quality of the vehicle.  And the gas mileage.  Good for Ford, I mean they were on their own and I think they came back in a big way.  But as far as making my decision and what I would buy, that really doesn’t sway me either way.”

Piccirillo, and many others shopping the auto show, seems more pleased with the cars than the presidential candidates – from both parties. Terry Clark of Brunswick summed up the sentiment.

“It’s amazing how they don’t have any values any more.  It’s just amazing to me. I mean they all talk that, but then later on they all get caught doing something.  Every one of them.  I don’t care -- Republican, Democrat -- it don’t matter.  I mean it’s amazing.”

Rose Ursetti from Highland Heights says the bailout was necessary to preserve jobs. But she also expects it will have minimal effect in the election and in showrooms.

“I look at the quality of the car, the look of the car... that’s what I look at.”

Still, after winning Michigan's primary last week and Ohio's coming next Tuesday, Mitt Romney has been explaining his 2009 argument that private capital would have shored up the auto manufacturers.  His cohorts maintain that GM and Chrysler, already headed to bankruptcy, would have seen their market share and workforce absorbed by Ford and Toyota.

But economists and the White House say private capital was offering nothing to the car companies, making the government the last resort.  And they say the auto supply chain -- from parts manufacturers to repair shops -- would have crumbled, sucking down Ford as well as GM and Chrysler.
Listener Comments:

"But economists and the White House say private capital was offering nothing to the car companies, making the government the last resort." - not conservative economists, conservative sources have been for years warning about what we are now experiencing, and now that it has happened people are still in denial - the government has never been better at dealing with the economy than private capitalism.
The auto bailout was a government takeover tactic, as the healthscare tax is another attack on free enterprise/capitalism. Socialists, and this administration oppose capitalism.
- Heritage-org - Morning Bell: Our Economy Can’t Afford More GM “Success” Stories -November 19, 2010 “...So he publicly bullied the GM bondholders into accepting a much worse deal. Under the White House plan, the federal government was awarded a 60 percent stake of GM, the Canadian government got 12.5 percent, and GM’s unions got 17.5 percent while the bondholders walked away with just 10 percent. Defenders of the bailout say all this was worthwhile because the effects of a failure of GM would have been catastrophic. But that ignores both the deal the bondholders first offered the unions and the possibility of an expedited—but non-political—bankruptcy proceeding.”


Posted by: Question Obamas history on March 3, 2012 6:03AM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook





Stories with Recent Comments

Ohio's Supreme Court narrowly upholds Ashford Thompson's death sentence
"Justices" William O’Neill, Paul Pfeifer and Judith Lanzinger should all be immediately removed from the court. If they could actually believe that this murde...

Ohio's Sen. Brown is pushing for more assistance for homeless vets
That would be a great program to have for the homeless vets. Many of them are still suffering from PTSD even from the Vietnam war.

Lordstown GM plant plans to install 8,500 solar panels
How much will this solar array cost? How is it being funded, and who is really paying for it? How much real useful electricity will it actually produce in MEh p...

Local Ebola concerns cause officials to pay more attention to West Africa
I have a better idea, let's secure our borders and spend those billions of dollars on our own first.

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University