The National Federation of Independent Business, which represents more than 600,000 small businesses nationwide, Monday made it clear that the group won’t support a bailout of Detroit’s Big Three automakers unless it has strings attached.
“Small business owners are adamant,” said the group’s president and chief executive Todd Stottlemyer. “Don’t ask us to send our tax dollars to Detroit to pay for their mistakes without significant restructuring and effective independent oversight.”
“Proposals to provide as much as $50 billion to the Big Three auto companies are a misguided attempt to bail out companies that are in this situation not because of the credit crisis, but because of a long series of decisions that have led these once-admired corporations to where they are today, Stottlemyer said.
For the group’s full statement, click here to go to www.nfib.org.
CARRIE MASON-DRAFFEN