Michigan asks Obama to add $25 billion for auto industry to stimulus plan

Posted: Jan 23, 2009
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Barack Obama’s stimulus package is on track and Michigan’s congressional delegation has asked the new President to add $25 billion in low-interest loans for automakers and parts suppliers.

In a letter to Obama, lawmakers also lobbied to keep $1 billion in grants and $3.3 billion in loans for battery development for electric and hybrid vehicles. The $25 billion will come on top of the $25 billion already set aside for automakers and parts suppliers to build more fuel-efficient vehicles.

The House is expected to take up the $850 billion bill on Wednesday with a chance of passing the bill through Congress on Feb. 16.

Source: Detroit News


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  • zermatt

    The State's new motto for their license plates:

    Michigan – The Welfare State

    The begging is very unbecoming.

  • Bobmarley

    Every state is going to be begging for a piece of the stimulus package! But in the end it will only slow down the inevitable resetting that our propped up economy requires.

  • Bobmarley

    Every state is going to be begging for a piece of the stimulus package! But in the end it will only slow down the inevitable resetting that our propped up economy requires.