President Bush has started feeling the heat of the Democrats as everything he augments is being put under jeopardy, logically though in the automakers case.
The big three from the American Auto industry namely: Ford’s Alan Mullaly, Rick Wagoner of General Motors and Tom LaSorda of Chrysler Group are slated to meet the American President today and the Democrats firmly believe they should be blunt in their Discussions with the President Bush.
The main concerns of the US Automakers are the problems posed by the Asian Currency and the trade imbalances. John Dingell a Michigan Democrat and the incoming Chairman of the House Energy and Commerce Committee mentioned
I want to see a change of attitude from this administration. I want to see a fair and level playing field
The American Automakers were in quest of a meeting with the President since last year to discuss energy concerns, including tax breaks and other incentives to promote the production of alternative fuel vehicles and simultaneously check the soaring gasoline prices.
Reacting to this shakeup the White House Spokesperson, Tony Snow mentioned that the President would listen to their concerns. Prior to this, the administration advocated Detroit to make products that were more relevant and to restructure their operations so that they could compete with their Japanese Counterparts.
A Michigan Democrat, Sen. Carl Levin cited
They need to understand — and I hope the Big Three will be blunt and direct with the administration on this — that their competitors are not companies overseas. Their competitors are countries overseas
Levin and other Lawmakers believe that the Japanese Yen is artificially priced against the US dollar that dents Detroit’s ability to compete, as the Japanese Automakers are better placed to price more aggressively and add more options to their products.
They also believe that the Americans face non-tariff barriers in Japan and South Korea, which restrict their opportunities to sell their vehicles in both these countries.
Image :Cnn
Via : Alertnet
