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| From © The Flint Journal |
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Kildee calls General Motors announcement on payback encouraging |
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November 16, 2009By Ron Fonger |
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Count U.S. Rep. Dale Kildee among those happy with today's General Motors announcement that it plans to start repaying its government loans more than five years ahead of schedule.
Kildee said in a news release that while the automaker did not post a profit, it exceeded expectations and increased revenue by 21 percent from the second quarter.
The Flint Democrat is co-chairman of the Congressional Automotive Caucus.
“Today’s announcement is an encouraging sign that the new GM has emerged from bankruptcy as a stronger and more viable company ... the government’s loans to GM are proving to be a wise investment in our economy, not a government bailout as charged by some critics," part of Kildee's statement said. |
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