GM wants to emerge from Chapter 11 in 60 to 90 days. Senator John Cornyn worries about the government’s role in running the auto giant, and the fate of dealerships.
“Let’s start with car dealers. Car dealers are really the lifeblood of their community. They contribute money to the Boy Scouts, Girl Scouts and Little League, and there are some estimates that the closings of these car dealerships will cost 40,000 jobs. Unfortunately, there seems to be a sense here in Washington that the government can run private businesses better than private businesses can. So my hope is that this gets back into the hands of the private sector and individual shareholders sooner better than later.”
GM and Chrysler are trying to ease Congressional concern over their plans to slash more than 2,400 dealerships. Senator Cornyn has also been keeping his eye on changes at NASA. A new administrator has been nominated, and a top-to-bottom review of NASA is scheduled to begin this month.
“I have a lot of respect and admiration for Norm Augustine, who’s scheduled to hold the first public meeting on June 17th. But I don’t know what the outcome was going to be or its impact on Houston and the Johnson Space Center. My hope is that we will continue to keep our commitment to manned space flight, as a way of not only inspiring the next generation of mathematicians, computer scientists and engineers, but also as a way of developing new products and new solutions to America’s problems.”
The House panel responsible for the annual budgets for NASA froze the agency’s budget for human space flight pending an outside review of the agency’s plans for replacing the space shuttle and traveling to the moon.
Ed Mayberry, KUHF Houston Public Radio News.