Never-ending Saga?

" I all the efforts to bailout the auto makers are getting more lukewarm support in lukewarm support she said in Washington nobody seems to want the companies to fail. But there's not a whole lot of agreement on how to keep them in business right now has -- Chrysler GM and Ford. He found yesterday the Senate right -- back on Capitol Hill this time they're speaking before the house financial services committee and joining us now Republican member of the New Jersey congressman Mike. Congressman is well congressman -- daddy here mop up. Thanks going to do it again -- So tell me about what you're hearing in their today and I are you hearing anything so by the has persuaded you that this kind of bailout -- extending this kind of ridgeline is something called it. Might actually be able to see these companies and make them become more productive."

" Yeah actually that's the term that couldn't throwing around it to bridge loan and as you've heard me say in the past it's a bridge to nowhere. If what we have at the end of today is simply them coming back to us again. Whether it's being February march or later next year saying when you know the 34 billion dollars they ask for. In December really isn't. We're gonna cut it we need more on top of that. Cycling what we're hearing is -- from. Members of the committee I think this is telling of how congress operates as a number of members of the committee everything telling the auto industry -- now this is really how you should operate. -- marketing in this manner he should be selling this type of car and so and so forth. With congress facing wanted to micromanage. The industry. Remember this is the same congress who was racked up 453 billion dollar deficit ourselves we can't manage her own finances but we're gonna tell the industry how they can imagine there's slightly."

" you just made a great point congressmen. There's a lot of folks talking about how the auto industry should be run. I might be guilty of that time myself I think all -- dabbling in Italy you know you made -- great -- I mean who among us. Is it. Has the ability to be responsible. For giving them this money and making sure that that they know in congress in this case. Notice how that money should be spent."

" Right and it and that's that's the big question and you know the other aspect of it is his. This is not our money this is not my mind as the American taxpayer dollars that are going to be going out the window and and we do here from other constituents around the country you know it's a small businesses and small businesses around the country that really are the backbone of the job creation. Even the best case scenario by GM and Ford and Chrysler is not that they going to be dramatically increasing jobs in the country they're all talking about laying off people even if everything goes well. But it's a small businesses that are talking -- jobs so I can you mark my words on this -- this bill passes we will be back here with. An initiative say well we need to do a bailout for small business as well so as one bail out after another."

" Data and then they'll be some bad compelling question about bankruptcy and why that actually. Might be planning they need to be considered here we gotta run an out congressman. Scott Garrett from the great state of New Jersey thank you very much for -- that if you look -- things."