Dodd: Detroit deal still could be a dud

I caught parts of yesterday's penitent testitmony by the CEOs of Chrysler, General Motors, and Ford.

The three men may need to improve their selling skills, according to Christopher Dodd, the chairman of the Senate Finance Committee.

Dodd (D-Conn.) said he's not sure how lawmakers can proceed with plans to help the industry without 'some consensus of both the House and the Senate of how to move forward” and stepped up pressure on the White House to take executive action to deal with the problem in the short term.

"We've got to be a lot further along than we are today," Dodd said.

Coming up with a congressional solution is a very "tall order to try to get done in three days, four days before next week." But he added that he had a "working situation" right now and the makings of putting something together.

Sen. Carl Levin (D-Mich.), working closely with the Big Three automakers as they made their case to lawmakers, is stepping up efforts to persuade the Bush administration to use money from the $700 billion financial rescue package to help the carmakers. The White House has been opposed to any money from that package going to Detroit.

Yeah, I know he's not president yet, but Barack Obama, is keeping his distance from this controversy. Surprised? You shouldn't be. That's the way he conducted his presidential campaign. If he governs the same way as president the way he ran for the office, we could be in for a very rough four years.

Related post:

Hey Congress: Investigate Sen. Chris Dodd now

Technorati tags: Election Democrats economy business Dodd Carl Levin Obama politics Barack Obama