Our industry has never advocated loan guarantees. The chemical industry has never asked for a loan guarantee, and it probably never will.
However, one has to recognize that the situation faced by some sectors, like the auto sector, is, although partly their own doing, also partly the result of a crisis brought to us through other sectors--the mortgage sector, the financial sector, etc. I don't have any specific concerns about loan guarantees for industries. I'm just happy that they're loan guarantees and not grants.
Given the situation, a repayable loan is not an inappropriate response to the situation, given the effect on jobs, communities, and industry.