Also in this playlist...
This transcript is automatically generated
-- -- -- will cash for clunkers being refueled or left to run out of gas Michigan senator Debbie is statement now says she is optimistic that the senate will approve an extension for the program.
And as early is tomorrow.
The senator just had one for the president and other key democratic senators and she joins us now from the capitol building we're so glad you joined us after meeting with the president that.
You put us in good company thanks very much for being here thank you.
Well I'm glad to be with you so I.
We we do have a situation where the American public is getting -- Fed up with a lot of stuff coming from the government you have these town hall meetings at which they say no we don't want any more government involvement.
You have 54% of the American public reporting to new -- recent polls saying.
We don't want another cash for clunker deal so what do you tell these people senator.
David across the country.
We have dealers small business people and our hometowns all over the country back.
My father and grandfather worked car -- so I understand -- up in a small town.
How important this yes for small business for consumers.
For the economy is actually worked amazingly.
When they say yes -- nice hot to be it's temporary and targeted this certainly is one.
And what were seen from desk is the fact that people but like this to continue it a bit longer.
That it directly goes to that got tired of what we're trying to do which is.
Get people to buy automobiles you know in -- -- -- put together 8000 dollar first time home buyers tax credit.
Because of the importance of the real -- the home building economy.
To the country and that next biggest purchase that any family makes is -- on -- Columbia south.
This goes right along with it senator -- -- everybody wants to know when -- the senate going to take this stuff what's going to happen do you have some clarity on that -- some hard feelings.
Well we are we are getting closer my anticipation would be.
Or there -- today.
It could be Friday but it has to be.
Between Wednesday and Friday south what I expect a vote I have.
Bipartisan support to and there seems to be more enthusiasm now after watching how this unfolded you know it's insisting haven't.
I visit and a 61%.
Fuel economy because people -- training and -- that.
Have about a fifteen mile per gallon.
Miles per gallon higher in the -- save families up 101000 dollars.
A year just by turning and that kind getting about better mileage -- I think it's a winner.
Now they head of Edmunds dot com was just quoted in a MarketWatch article saying what we've seen is three or four months worth of clunker activity compressed into one week period.
What are we really accomplishing -- forking over a billion dollars to get consumers to do something that they would likely have done.
Any way does he have a point.
Well I heard that argument but I would have to say if you look at the numbers on the last year people haven't been.
Turning in those guys and buying new cars anyway I mean we have seen.
A high of seventeen million automobiles being sold a year in America.
Down to about nine million and that's one of the reasons that our American auto companies have been -- a challenging time people losing their job.
Can't afford to -- -- -- so I just don't think this is.
Pent up demand people haven't been buying cars because they haven't been able to afford it.
This helps people be able to afford it senator we have heard day after day we've sent our Jeff Flock to many dealers who works.
So relieved and happy to see the kind of foot traffic that.
It appears this -- cash for clunkers program has inspired by the you talk about bipartisan.
Support on this I'd like to have a little more clarity on that because senator you know just.
Just a couple of hours ago right here on Fox Business senator Judd Gregg called it.
Why I -- you disagree with him on that and what kind of bipartisanship you have on pushing it forward in the sun.
Let's share an -- I'm excited we don't have my friends.
Judd Gregg support back at what I said -- partisanship I didn't mean every always complicated.
Or every Democrat I mean it's senator Sam Brownback and I introduced the first -- And in the senate we -- the bipartisan co sponsors we have both supporting the bill.
How we have a number of people that have come forward indicating their support now.
App for that down from Republican colleagues I expect.
A good number of Republican colleagues and the overwhelming majority of my democratic Cali and.
The senator where where does -- end if if in fact.
You have a similar effect after another two billion dollars is -- going to be another.
Extension beyond that and if so might it be extended to other items besides cars that are being hurt by the recession.
Well I don't anticipate it being extended beyond this point.
But frankly my hope is that as we're beginning to see small signs of improvement in the economy.
And certainly most important thing is jobs in coming from Michigan.
We know that we still have a long ways to go but my hope is that all of this will begin to come -- Three with the help.
Get people back working again to be able to get demand that consumer demand that.
For purchasing items and frankly with automobiles just not just -- -- we've heard from the steel industry we've heard from the I recyclers.
Of scrap metal folks we've heard from all kinds of related industries that this has been a big help to them.
Senator we appreciate you coming on we'd love to have you back when this thing goes we'll probably come back on Fox Business -- I would be happy to I -- By the way mark with a name like jasmine I'm sensitive to miss pronunciation of last name I called -- statement now forgive me at 70 senator thank you very much appreciated.
And that a problem.
Senator Stabenow of course for about the great state of Michigan and they're really looking for good news or all of this up.
Filter by section