Sen. Alexander Presents The ‘Car Czar’ Award

By Kleinheider Posted on June 8, 2009 at 4:02 pm

From a press release:

“Today’s ‘Car Czar’ award goes to Congressman Barney Frank of Massachusetts for interfering in the operation of General Motors,” Alexander said. “Congressman Frank is Chairman of the Financial Services Committee of the House of Representatives. One might call it the ‘House Bailout Committee.’ Congressman Frank’s phone call to General Motors always is likely to be returned since the U.S. Treasury recently purchased 60 percent of GM and 8 percent of Chrysler with $62 billion of your tax dollars.”

Alexander referenced a June 5th article from the Wall Street Journal that drew attention to a call Congressman Frank made to General Motors (GM) President and CEO Fritz Henderson “to save a GM distribution center in Norton, Mass.” The full article can be found here.

“I will continue to confer ‘Car Czar’ awards until Congress and the President enact my ‘Auto Stock for Every Taxpayer’ legislation, which would distribute the government’s stock in GM and Chrysler to the 120 million Americans who paid taxes on April 15,” Alexander continued. “That is the fastest way to get ownership of the auto companies out of the hands of meddling Washington politicians and back into the hands of Americans in the market place.”

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