Abogados de Inmigracion

Moreover, GM and Chrysler are now poised to return to profitability "in the next year or two" when car sales return to "normal" levels of around 13 million units, according to Rep. Peters. "As the American consumer gets confidence, get back in the showroom and buys that car they've been postponing, both these companies will be very profitable."

In fact, after their "painful restructuring," the Congressman says both GM and Chrysler are now positioned for profitability if car sales merely return to the 10 million per year range.

With the Treasury Department having invested about $80 billion and the Energy Department awarding $25 billion in low-cost loans to the auto industry, let's pray Rep. Peters is right when he says "the American taxpayer will be pleased as we go forward" for having rescued the automakers and their suppliers.

Meanwhile, the bucks aren't stopping there: Rep. Peters sponsored HR 3246, which the House passed earlier this week. The bill provides $2.9 billion to the auto industry for R&D on alternative energy vehicles. "Making these investment will pay off huge dividends," he says. "This is our country's seed corn. [It's] a strategic investment that's absolutely critical to future of the United States."