PORTLAND (AP) – Members of Maine’s congressional delegation say they’re waiting for more specifics on the proposed bailout of the nation’s top three automakers before deciding whether to get behind the plan.
A day before the auto companies’ top executives returned to Capitol Hill Thursday to make their urgent cases for loans, Democratic Rep. Mike Michaud said Congress can’t commit billions of dollars to the auto industry without assurances that taxpayers will be paid back.
Michaud also says he wants to make sure foreign carmakers don’t have advantages over American competitors and for automakers to make more fuel-efficient cars.
U.S. Sens. Susan Collins and Olympia Snowe want to see the specifics of a bailout plan before taking a position.
Rep.-elect Chellie Pingree, a Democrat who will be sworn into office Jan. 6, says she could get behind a bailout once a new Congress is in place if concessions are made and the industry reshapes itself.
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