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  3. The leaders of Detroit’s struggling Big Three automakers are appearing before the Senate today, where prospects of $25 billion i

The leaders of Detroit’s struggling Big Three automakers are appearing before the Senate today, where prospects of $25 billion i

admin2015-03-25  87
问题     The leaders of Detroit’s struggling Big Three automakers are appearing before the Senate today, where prospects of $25 billion in emergency loans to the industry appear to be stalling.
    Amid GOP cries of "corporate welfare," Senate Majority Leader Harry Reid introduced a bill yesterday to let the automakers and component suppliers tap into some of the money Congress allotted in the $700 billion financial bailout. Reid, launching a lame-duck session, warned of a "potential meltdown" in the industry with devastating consequences. He said 355,000 people are employed by the industry and 4.5 million more work in related industries. An additional 1 million people, retirees and their relatives, are covered by retirement and medical plans within the industry, he said.
    The Big Three—General Motors, Ford, and Chrysler—have been whipsawed by the faltering economy and credit crunch. But the odds do not look good for Detroit. At the heart of the debate is whether automakers are deserving—as a key point of the U. S. economy—or are, in the words of one high-profile critic, Republican Sefi. Richard Shelby of Alabama, an innovation-averse " dinosaur".
    Shelby, appearing Sunday on Meet the Press, said: "Get rid of the management. Get rid of the boards—the people who brought them to where they are today. This is a dead end. It’s a road to nowhere, and it’s a big burden on the American taxpayer. "
    Republicans attacked the measure on several fronts. Some questioned the rush to judgment; others warned that other industries would soon line up for help. And some charged that the firms brought on their troubles by agreeing to union contracts with wages and benefits costing an average of $73 an hour, compared with $28 an hour for the average private firm.
    GOP Sen. Arlen Specter of Pennsylvania said the $700 billion rescue was the No. 1 issue when he toured the state recently. "Candidly, the temperature of my constituents was boiling, 212 degrees Fahrenheit, and the thermometer was broken," he said. Some opponents prefer that the automakers pursue Chapter 11 reorganizations instead of hitting up Uncle Sam.
    Democrats argue that the $25 billion is only 4 percent of the bigger bailout. Reid’s spokesman, Jim Manley, said the bill has robust language on corporate oversight, taxpayer protections, and executive compensation limits.
    A compromise could be struck if Democrats bowed to GOP pressure and, instead of new loans, rewrote the rules for $25 billion in loans granted to automakers to help them retool factories to build fuel-efficient vehicles. "It’s mind boggling," one Republican said of Democrats" stubbornness. "If I were them, I’d want to get this off my plate before Obama becomes president. "
    The post-election lame-duck session is the last chance to sign off on the measure during this Congress. The bill probably can pass the House, but prospects are full of uncertainty in the Senate, where Democrats need 60 votes to block an expected filibuster. If nothing passes, it could be taken up in January by the next Congress, which will have a broader Democratic majority.
Harry Reid proposed a bill for the automakers because
选项 A、GOP called for "corporate welfare".
B、the leaders of the Big Three came to Senate to stall the loans.
C、the breakdown of American auto industry will affect millions of people’s life.
D、$700 billion emergency loans is to be tapped into.
答案C
解析 事实细节题。根据题干关键词Harry Reid proposed a bill可以定位至第二段。在该段，Reid警告汽车行业有“潜在垮台”的危险和可能会带来破坏性的后果，接着他列举了35．5万人在该行业工作，又有450万人在相关行业工作，还有100万在它的退休和医疗计划中。以上说明他提出议案的目的是要避免“垮台”对众多人群的影响，即汽车工业的崩溃会影响上百万人的生活，因此他提出议案来援救汽车行业，故[C]正确。
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