The broader perspective: The Tech Center, the most advanced
auto research and development campus in the world for the past six decades,
would be closed, with tall weeds flourishing and boarded-up entrances locked
with chains, if congressional Republicans had succeeded in blocking the rescue
loans for GM in 2008-09.
Here’s what Congresswoman Candice Miller had to say about
those on Capitol Hill who thought the bridge loans were a waste of money:.jpg)
Six years ago, our
nation was debating whether it was in our national interest to provide bridge
loans to our domestic auto industry and iconic companies like General Motors to
help them through the economic meltdown that threatened their existence.
Providing those loans was absolutely the right path forward, because, today,
all of those loans have been repaid, and our domestic auto industry is thriving
due to their tremendously talented and skilled workforce and the incredible products
in the marketplace.
Today’s announcement
by General Motors that they are investing $1 billion to expand and upgrade the
GM Tech Center in Warren, a project that will add 2,600 new jobs and create an
innovation center to drive the industry toward a brighter future, is further
evidence that providing the bridge loans was the right thing to do. This
announcement is great news for Macomb County – the southeast Michigan
manufacturing base – and for America as our domestic automotive industry is a
principle driver for both our state and national economy.Thank God ideology lost out to practicality.
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