nytimes.com - 12/11/2008
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The Senate Republican leader, Mitch McConnell, spoke out against the bill, effectively dooming its chances. >
nytimes.com - 12/11/2008
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nytimes.com —
WASHINGTON The Senate on Thursday night abandoned
efforts to fashion a government rescue of the American...
automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and Congressional Democrats. The failure to ...
(more)
Senate Abandons Auto Bailout Bid
reuters.com - 12/12/2008
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reuters.com —
WASHINGTON (Reuters) - Prospects for an auto industry
bailout revived in the U.S. Senate on Thursday as...
surprise negotiations on a compromise moved forward and a vote was possible later in the day. Senate Majority Leader Harry Reid said on the Senate ...
(more)
Auto bailout prospects revived in Senate
| Politics
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Auto Bailout Dead in Senate
TalkLeft —
The Senate has effectively killed the chances of the auto bailout. Leading the oppositon: Republican Senator Mitch McConnell. In a speech on the Senate floor, Mr. McConnell said he and other Republicans had drawn a clear distinction between the Treasury’s $700 billion economic stabilization, which they helped pass in October, and the proposal to aid the American automakers, which he said raised questions about which industries or individuals deserve help. [More....] The House approved the $14 billion plan, ...
Losing
Eschaton —
... I don't really understand why the Democrats don't say they're trying to pass the "Christmas Rescue Act of 2008" and accuse the Republicans of trying to kill Santa. Every time they place nice with the Republicans so they don't start in with their patented "Well, we wanted to pass this bill but then the Democrats hurt our widdle feelings..." But then they don't actually pass anything and the public has no sense of who the good guys and bad guys are, especially when the compromise bill that fails to pass also kinda sucks.
Do you think we could use the 9 Billion dollars that went missing in Iraq now?
Crooks and Liars —
It looks like the Republicans will block the auto makers bail out today.
The prospects of a $14 billion government rescue of the American auto industry seemed to vaporize Thursday as the Senate Republican leader, Mitch McConnell of Kentucky, spoke out forcefully against the bill, effectively ending its chances despite the urgings of the White House.
In a speech on the Senate floor, Mr. McConnell said he and other Republicans had drawn a clear distinction between the Treasury’s $700 billion economic stabilization, which they helped pass in ...
Auto Bailout Failure Could Mean The End For GM, Chrysler
The Huffington Post | Full News Feed —
The failure of the auto bailout in the Senate could mean the collapse of GM and Chrysler by the end of this month, according to several reports.
The New York Times reported that GM already had legal advisers looking into a possible bankruptcy:
The failure to reach agreement on Capitol Hill raised a specter of financial collapse for General Motors and Chrysler, which say they may not be able to survive through this month.
After Senate Republicans balked at supporting a $14 billion auto rescue plan approved by the House on Wednesday, ...
Related Content
Is There a Good Auto Bailout?
theamericanscene.com 12/10/2008 — Sure, in principle.
There appears to irresistible momentum behind a “temporary” bailout designed to forestall bankruptcy until the new administration is in place. The problem with imagining that this does anything other than kicking the can down ...
Auto Bailout Dead in Senate
talkleft.com 12/12/2008 — The Senate has effectively killed the chances of the auto bailout. Leading the oppositon: Republican Senator Mitch McConnell. In a speech on the Senate floor, Mr. McConnell said he and other Republicans had drawn a clear distinction between the ...
Auto Bailout
mahablog.com 11/17/2008 — There appears to be general agreement across the political spectrum that the Big Three automakers are going bankrupt because their CEOs have made many really, really bad choices over the years. Joseph Romm has an article at Salon about this. Here is ...
No to the Auto Bailout
frum.nationalreview.com 11/13/2008 — Don't bail out the automakers, I urge on "Marketplace" today:
Time was when General Motors alone ranked among the largest employers in the United Stat... . . .
Breaking: Auto Bailout Dies In Senate
gatewaypundit.blogspot.com 12/12/2008 — The word is-- The auto bailout is Dead as a Doornail . UPDATE-- It's official. The bailout is dead . The unions would not budge: The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers ...
An all-American auto industry bailout?
msnbc.msn.com 12/10/2008 — With Congress considering lending $15 billion in taxpayer money to the Big Three, some in Congress are worried the automakers will spend part of it overseas.
Senate rejects auto bailout
politico.com 12/12/2008 — A White House-backed bailout for ailing automakers collapsed in the Senate Thursday night.
Auto bailout bill dies in Senate
cnn.com 12/12/2008 — Sen. Tom Coburn, center, and other Republican senators raised objections to the auto bailout plan Wednesday.
McConnell opposes auto bailout
thehill.com 12/11/2008 — Senate Minority Leader Mitch McConnell (R-Ky.) announced Thursday morning he would oppose a $15 billion bailout of the U.S. auto industry, dealing the package a substantial blow. McConnell argued on the Senate floor that the package, which the House ...
Auto Bailout Fails, Dies In Senate
oliverwillis.com 12/12/2008 — CNBC : “The U.S. Senate failed on Thursday night to reach a last-ditch compromise to bail out automakers, effectively killing any chance of congressional action this year. The $14 billion legislation officially died in the Senate late on ...
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