, Port Arthur, Texas

Local News

December 4, 2008

Local reaction mixed to Big Three bailout

PORT ARTHUR — Even as the Big Three automaker bosses were asking for an expanded $34 billion rescue package from Congress they say they need to survive, some Southeast Texans had their own opinions on the process.

Nationally, with time on the current Congress running out, opposition to the bailout appeared to be as strong as last week — before Detroit’s Big Three auto chiefs returned to Capitol Hill with more detailed plans on how they would spend the money.

Patricia and Mary Ann Zagone believe the automakers shouldn’t receive the money.

“They put themselves in the predicament because of their exorbitant prices. Americans need to live within their means,” Patricia said. “They should not try to keep up with the Joneses.”

Mary Ann added no one bails her out when she needs help.

One woman who wished to remain anonymous said she would hate to see the auto industry go under.

“Too many would be out of work and it would be rough on their kids. I think we’re doing pretty good to help the economy,” she said.

Sue Brown said she hasn’t had a lot of time to think about the situation, but believes everybody needs help.

“They need to do it. It would be good,” she said.

Cheryl Gassiott believes the automobile managers shouldn’t be so greedy.

“The top dogs shouldn’t live such a lavish lifestyle. It’s poor management,” Gassiott said. “These CEOs need to live like middle class Americans for one year and see how that feels.”

Cecil Michael just purchased a brand new Chevrolet Tahoe and said he would give the money to the Big Three if he could.

“We need the cars and we should take this moment to help them, and in turn, they should contribute more to the community,” he said.

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