• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / Kohl cautious on bailout

Kohl cautious on bailout

December 4, 2008 By WRN Contributor

Officials with Ford, Chrysler, and General Motors are calling on the federal government to provide nearly $34 billion in loans. US Senator Herb Kohl (D-WI) says it's a request that needs careful consideration, because turning the request down could result in those companies going out of business.

Kohl says the auto industry is vitally important to the nation's economy. He says its collapse could have a ripple effect through the entire nation, because so many other businesses rely on auto makers to survive.

Still, Kohl says any money given to the industry needs to be treated like an investment. He says we can't afford to waste money, but also can't allow the current recession to turn into a depression.

Kohl says the auto makers need to provide a plan proving they can use the money to survive.

AUDIO: Andrew Beckett reports (MP3 1:01)

Share this:

  • Facebook
  • Twitter

Filed Under: Business



Featured Stories

Big Ten Men’s & Women’s basketball Tournaments to Allow Limited Fan Attendance

Brewers to open season with fans

Report: Former Red Sox outfielder Jackie Bradley Jr. to sign with Brewers

Seven Badgers honored by the WCHA

Panthers rally to upset Wright State in Horizon League quarterfinals

TwitterFacebook

Sports Headlines

Big Ten Men’s & Women’s basketball Tournaments to Allow Limited Fan Attendance

Brewers to open season with fans

Report: Former Red Sox outfielder Jackie Bradley Jr. to sign with Brewers

Seven Badgers honored by the WCHA

Panthers rally to upset Wright State in Horizon League quarterfinals

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2021 · Learfield News & Ag, LLC