Senator McCaskill is meeting with General Motors officials today and her auditor background is showing. She wants to see more of GM’s financial information before she’ll vote for bailout money for the auto industry. McCaskill says she’s going through the steps to make sure the companies will be viable if they get the loans. She says she’ll assess taxpayer protections in the bill
"Ultimately we all want to save these jobs. But at the end of the day if we’re going to give them 25-billion dollars and in four or five months they are still in the exact same position, all we have accomplished is wasting 25-billion dollars of taxpayers’ money and we have not saved those jobs," says says.
She recalls federal loan guarantees paid off for Chrysler. But she says the question is whether the automakers in this economic environment use the loan to restructure and change some internal costs so they can flourish for the next decade. "That’s the question we’re all grappling with…I’m not willing to vote for it if I’m not convinced, based on the numbers, that is is a good investment for taxpayers," she says.