Sen. Chris Dodd said today that soaring unemployment amounts to a “game-changer” in the debate over financial aid to the auto industry.
Dodd, who chairs the Senate Finance Committee, said on ABC’s “Good Morning America” show that with more and more people losing their jobs, Washington has no choice but to intervene to keep the Big Three auto makers from collapsing.
But Dodd also said he thinks any such plan should include a change in the top leadership of the car makers, although he also said that “it’s not my job to hire and fire.”
He did say he thinks overhauling the top management of Ford, Chrysler and General Motors is necessary as a gesture of good faith with the American public, whose money would be used for the bailout. (AP)
