Steve Kagen, "Here I Come To Save The Day.........

Steve Kagen to the rescue from that evil Cerberus.

See how one punch puts Cerberus Capital Management out of commission, Chrysler, no money for you from our Wisconsin 8th District hero.

Oh thank you kind sir!.
From You Tube

"Press Release
Media Contact:
Jake Rubin 202.225.5665
KAGEN: NO TAXPAYER MONEY FOR CHRYSLER UNTIL WISCONSIN PAPER MILLS ARE UP AND RUNNING

November 18, 2008
Washington, DC -- Congressman Steve Kagen, M.D. says no taxpayer money should be given to Chrysler until after Wisconsin papermakers go back to work. Cerberus Capital Management, L.P., one of the largest private equity investment firms in the United States, owns many corporations including automaker Chrysler and NewPage Corporation, which recently closed two paper mills in Northeast Wisconsin putting over 750 people out of work.

“If Cerberus needs to raise cash to bailout Chrysler, then they should sell our idle paper mills in Kimberly and Niagara,” said Kagen. “Local community leaders have given them opportunities to sell - they have turned them down - and now hard working families in Wisconsin are being asked to help the very people who have taken away their jobs. Outrageous. I am strongly against any taxpayer funds being given to Chrysler until their parent company gives us our jobs back. Cerberus already has millions of dollars of assets in these mills which they can sell tomorrow, putting my friends and neighbors back to work, and generating the capital necessary to keep Chrysler afloat.”" Kagen (WI08) - Press Release - KAGEN: NO TAXPAYER MONEY FOR CHRYSLER UNTIL WISCONSIN PAPER MILLS ARE UP AND RUNNING

Washington, DC -- Congressman Steve Kagen, M.D. says no taxpayer money should be given to Chrysler until after Wisconsin papermakers go back to work. Cerberus Capital Management, L.P., one of the largest private equity investment firms in the United States, owns many corporations including automaker Chrysler and NewPage Corporation, which recently closed two paper mills in Northeast Wisconsin putting over 750 people out of work.

“If Cerberus needs to raise cash to bailout Chrysler, then they should sell our idle paper mills in Kimberly and Niagara,” said Kagen. “Local community leaders have given them opportunities to sell - they have turned them down - and now hard working families in Wisconsin are being asked to help the very people who have taken away their jobs. Outrageous. I am strongly against any taxpayer funds being given to Chrysler until their parent company gives us our jobs back. Cerberus already has millions of dollars of assets in these mills which they can sell tomorrow, putting my friends and neighbors back to work, and generating the capital necessary to keep Chrysler afloat.”

Kagen spoke this weekend at the dedication of Camp Kimberly, an area set up across the street from the quiet NewPage paper mill. Former mill workers are holding daily vigils to urge NewPage executives to run the mill, or sell it.

"If we do not make anything in this country, we will not have anything. To secure our nation and grow our economy, the United States must maintain a prosperous manufacturing base, one that includes the ability to build automobiles and maintain industries like paper that have formed the backbone of the economy in my district. I am working hard to strengthen manufacturing across Northeast Wisconsin and to protect the families of hundreds of papermakers whose jobs were taken away through no fault of their own by unfair trade with China.”

The closure of the mill in Kimberly caused the loss of over 450 papermaking jobs and the Niagara mill closing put over 300 people out of work. Both closures were due to unfair competition from foreign-made paper. Recently, the International Trade Commission (ITC) ruled in favor of Appleton, another local paper company, citing damage from foreign paper being dumped into the U.S. market. The ITC’s ruling means it will take stronger steps to enforce anti-dumping laws against Chinese and German paper manufacturers that endanger U.S. producers. NewPage has yet to appeal an unfavorable ruling by the ITC made in November of 2007.

Here is my post from Nov. 15th, it only took Kagen three days to respond.

Nice going staff.

Sorry, for the question. What about the Chrysler workers. Will Mr. Kagen vote for the bailout for all three? Will he vote no for the big three bailout? Will he say he voted yes for Ford and G M and no for Chrysler?

Interesting.