Documents/ChangeGov/4: Economy/4.5: Jobs and Clean Vehicles

4.5: Jobs and Clean Vehicles

Partner with America's automakers to help save jobs and ensure that the next generation of clean vehicles is built in the United States.

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Senator Obama pushed for $50 billion in loan guarantees to help the auto industry retool, develop new battery technologies and produce the next generation of fuel efficient cars here in America. Congress passed only half of this amount -- it is critical that the administration speeds up the implementation of the first half and that Congress move quickly to enact the second half. In addition, Obama and Biden believe that with the tremendous uncertainty facing the auto industry, and the small and medium business suppliers who depend on them, it is critical that we keep all options on the table for helping them weather the financial crisis.

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