Donnelly, Souder seek bailout funds for RV industry

By ED RONCO, Tribune Staff Writer

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(Tribune file photo/REBECCA BELLING)

By Beth Boehne

Story Created: Dec 11, 2008 at 2:01 PM EST

Story Updated: Dec 11, 2008 at 2:02 PM EST

Some of the billions of taxpayer dollars used to help the banking industry should be set aside to help people buy recreational vehicles, according to two northern Indiana members of Congress.

U.S. Reps. Joe Donnelly, D-Granger, and Mark Souder, R-Fort Wayne, are asking Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke to include RVs in special money set aside already for things like cars, credit cards and student loans.

"The tightening credit market has made it very difficult for consumers to finance RV purchases and dealers to secure inventory financing," Donnelly and Souder wrote in a letter released today.

Thousands of people in Donnelly’s and Souder’s districts are employed by the RV industry, which has seen slumping sales and widespread layoffs as the economy continues to slip.

Staff writer Ed Ronco:
eronco@sbtinfo.com
(574) 235-6353

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