Tim Pawlenty in A Governor`s Story, by Jennifer Granholm


On Corporations: 2009: Automakers should have gone bankrupt 6 months earlier

I was pitted against Governor Tim Pawlenty of Minnesota on a Fox News program [where I proclaimed that] the restructuring plans for GM and Chrysler would at least prevent bankruptcy, the worst possible outcome for the carmakers and our state. Pawlenty dismissed the degree of "restructuring" that was in the auto companies' plans.

"You probably haven't read those plans," I asserted. "Governor Pawlenty, have you read the report that the carmakers have just submitted? I bet you haven't." Pawlenty admitted he hadn't read the plans. He [asserted] that the automakers should have gone into bankruptcy six months sooner. "They should do it now," he concluded.

I responded by strongly reasserting the importance of the auto industry to the American economy.

Source: A Governor's Story, by Jennifer Granholm, p.175-176 Oct 1, 2005

The above quotations are from A Governor`s Story
The Fight for Jobs and America's Economic Future,

by Jennifer Granholm
.
Click here for other excerpts from A Governor`s Story
The Fight for Jobs and America's Economic Future,

by Jennifer Granholm
.
Click here for other excerpts by Tim Pawlenty.
Click here for a profile of Tim Pawlenty.
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