Reacting to the General Motors bankruptcy filing today, and news that their facility at Spring Hill, TN will be idled, Congressman Marsha Blackburn (TN-7) made the following statement:
"I fear that Spring Hill's families are now paying for Washington's folly. The uncertainty they are facing today could have been avoided. Late last year, I joined my colleagues in recommending a structured bankruptcy for General Motors and Chrysler. The bailout alternative that was pursued has failed. What we are left with is the near complete nationalization of what was once our nation's flagship industry, mountains of federal debt, families uncertain about their future now that the Spring Hill plant sits idle, and the parts suppliers and small businesses who depended on Spring Hill facing tough choices. A structured bankruptcy last year would have meant less debt today, an independent auto industry, and a stronger position for Tennessee businesses and families. I stand ready to assist those families and businesses who are impacted by today's developments."