Sen. George Voinovich, the Ohio Republican who has been a leading proponent for a bailout of the auto industry, said President Bush has "supplied oxygen to a patient fighting to get healthy' in his decision to use Treasury funds to rescue Chrysler and General Motors.
Voinovich, one of just 10 Republicans who voted to advance the $14-billion auto bailout package that died in the Senate last week, faces reelection in 2010 in a state that has a big domestic auto presence.
Here's his full statement:
"On behalf of all Ohioans, I am grateful the president stepped in to help thwart a disaster that would have sent our state over the cliff. I spoke again yesterday with White House Chief of Staff Josh Bolton urging them to act by today because the dominoes are falling. The president has supplied oxygen to a patient fighting to get healthy through restructuring and becoming more competitive. My only regret is that Sen. Levin and I couldn’t convince Congress to get this done back before Thanksgiving when our bipartisan compromise was completed. I’m pleased that the president’s plan models the protections to taxpayers that we provided in our legislation. While we are not out of the woods, there are millions of hard-working Americans today who can breathe easier this holiday season.”