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Well the US government may have given him the boot but our next guest -- -- Rick Wagner for the work he's done a General Motors and released this statement quote.
Rick -- is an honorable -- -- man and his decision to resign reflect his ultimate loyalty.
To General Motors and its outstanding employees.
To sacrifice his position so the company can obtain federal help to ensure its future as well as the job to the men and women who work their demonstrates integrity.
Joining us now.
Governor Jennifer grand home Democrat of Michigan welcome once again governor thank you for joining us on what I know was a very busy and difficult day for you.
Thanks -- appreciate you having me well tell us now what this all means to Michigan the Wall Street Journal at the top of this hour was issuing a report that the Obama administration -- says that bankruptcy should be the lead option.
That's not what I heard today I'm surprised to hear that because what I heard was there's another sixty days for General Motors.
The thirty days for Chrysler to ensure that that's not the route that it happens.
But they can get the stakeholders in the creditors to the table to be able to negotiate.
And emerge from this without having to go through bankruptcy I think that's the preferred option that everyone would agree upon.
This is about having a viable auto industry and a viable manufacturing industry and frankly viable communities in regions throughout this country.
That depend on these auto manufacturers.
President Obama is close with you you are big supporter of his have you talked with him in the past 24 hours and and I'm not asking you -- to give up any confidences here but argue feeling comfortable with what will happen in the next sixty days.
I have talked with him -- talk with him last night I was.
Please stay here in his remarks the words I will fight for you he was talking about our communities and our citizens.
And the auto industry as a whole what I heard today and I I have to take this I.
I believe that this is an optimistic.
That he's saying that the federal government is going to be behind the auto industry.
That it's important for the nation to have a viable industry that produce the fuel efficient vehicles and that the government is gonna stand by this industry.
-- -- honor the warranties and it's going to create demand for these vehicles.
Through all sorts of arrangements like a cash for clunkers Biller.
Making sure we can deduct the sales tax off of those purchases guarantee those warranties.
The bottom line is I think the government is prepared to stand up for this industry because it knows it's important to the nation.
OK so but we're looking at immediately within about four minutes of what happened to have Rick -- hitting the wires and Fox Business being the first -- I'm proud to say of Jeff Flock who covers the auto industry the first broadcast -- to get the news that yesterday.
That immediately Chrysler must've run right over to -- -- -- we've got that you don't throw some rocket fuel on the -- and make it happen.
What do you believe that Chrysler will survive because people say that's the weakest link here.
I think that the announcement today that Chrysler has -- deal with Fiat is a very important step.
What the auto task force said was that they didn't know that Chrysler could be viable as a standalone company.
But if they had a partner like -- then they have a chance and in fact today that's exactly what was announced.
My concern as governor of Michigan.
Is that we get some of that manufacturing.
From Fiat in this country if I if that taxpayers are gonna be providing loans to ensure the viability.
Let's make sure that the jobs that occur occur in the United States so would you use your political.
I guess cloud -- your strength to to make sure that somehow Fiat would have to was part of this deal.
Opened some of its plants here in Michigan.
I think that it makes perfect sense for that to happen if you're gonna have the taxpayers in vast.
Then they ought to be investing in job creation in this country.
Okay let me move on to job creation I know it is very important for you to keep jobs in Michigan.
But the jobs that the UAW.
Had it and now offers are basically.
Sort of let's give everybody great benefits what about jobs that can actually encourage people to earn a living.
And have a future here in the state of Michigan -- We are all about do we want to hold onto what we've -- we -- proud of that automotive heritage and we believe that we'll be the place where you build automobile in the future however.
We are also focused like laser on diversifying our economy.
Whether it's in advanced manufacturing or robotics manic nano technology life sciences homeland security and defense.
Alternative and renewable energy we are focused on creating jobs in those sectors.
And frankly lives using their Recovery Act as a means of investing in the sectors that we know we can replace those lost automotive jobs and OK so as you're looking toward diversifying.
The state of Michigan.
How do you encourage people not to flee -- I'm talking businesses specifically that are not related to the auto industry because.
People for better for worse look at -- -- my gosh is this a dying state.
Well it's not a -- state and frankly if you look if you ask other states they.
And our with our resource is our natural resource is our beautiful blue lakes that surround us that -- forests that we have.
Unbelievable quality of life universities that are second to none turning out Alex.
That is second to none the amount of research and development in Michigan the number of companies.
Of them doing research in the next engine.
All of that in Michigan.
We are state that really has the opportunity to reinvent ourselves in the same way that the automotive industry is reinventing itself to lead.
In this new energy economy that's exactly what we will intend to do in Michigan it's -- as we put on the table I think you and -- talked about this the most aggressive.
Tax credits for film making in the country yet as that sector to our economy it's why we've done the same thing with battery technology.
Because energy storage whether it's for cars or four.
For a a stationary.
Buildings you that's going to be the wave of the future.
So you name that we want to be there on the cutting edge no other state has the water that we have the wind the resource is related to forest.
So we are focused on all of it and this week.
This week the first time we are doing a whole national campaign to attract both tourism and businesses to Michigan investing more than we ever have before closing.
We -- all about it do you guys have a slogan.
Well look toward that tourism is pure Michigan and if you saw any of our beautiful resource that could be all about it -- the business slogan is we're gonna give you the upper hand.
All the upper have well that's great for business and I think that that message should be good not like when you mentioned about the film the credits because.
But we just -- this huge article here in the New York Post at our sister newspaper that said that New York's losing.
A lot of the filming here because it's just become to onerous and too expensive and there aren't any credit thing with California.
So clearly if you can.
Find out I don't think -- medical you know Detroit look a little bit more like thirty rocky.
Do you -- five.
About it we -- of out of anybody any business leader that is out there watching today if you want a good business case made for you call us Michigan advantage dot org.
We will make a good case for you we have they're great quality of life great tax incentives come on over.
You should run a dealership did sell a lot of cars -- -- governor thank you.
Thank you so much and I might -- go up Michigan State Spartans -- final four right governor.
Right in the final floor or in Detroit on the floor -- by a Michigan company by the way -- -- but it's all good car goes up.
Good to get all right see Detroit is alive and well and I think a lot of people are pretty happy that you're at least at the -- -- -- Thank you very much governor -- home.
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