"I am disappointed in the President's decision regarding General Motors and Chrysler. Personally, I feel that Rick Wagoner was treated shabbily. The President’s position with respect to the financial sector has been far more flexible than his approach to the automotive industry despite its far greater cost to the taxpayer. Financial institutions were provided with hundreds of billions of dollars, significantly more than the recent GM and Chrysler requests for new loans totaling only $21.6 billion at most.

"The people primarily affected by today's decision regarding the auto industry are those whose greatest daily concerns are over their mortgage payments, their children's college tuition and medical bills. Financial institution executives are concerned primarily with their own bonuses, awarded for what can only be described as 'massive failure.'

“The President has joined the chorus of caustic critics of the automotive industry while only giving faint praise to the high-quality vehicles produced by the American manufacturers, like the Buick LaCrosse which this year matched the Jaguar in J.D. Power and Associates' rating for the world's most reliable car. This double standard is deeply offensive."