politico.com - 12/11/2008
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The House passed a $14 billion bailout for ailing U.S. automakers Wednesday night.
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
washingtonpost.com - 12/10/2008
foxnews.com - 12/12/2008
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foxnews.com —
The White House said Friday it is considering
using part of the $700 billion Wall Street rescue...
fund to prevent the domestic auto industry from failing. Dana Perino, a spokeswoman for President Bush, said it would be "irresponsible" to further weaken ...
(more)
White House Considers Auto Bailout After Senate Rejects ...
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Quotes of the day
Hot Air » Top Picks —
... ,” he said. Sen. Corker suggested that the more rank-and-file Republicans learn about the White House-backed compromise, the less they like it. * “Much of this bill is dictated by the president. It is a stunning vote of no confidence ,” Frank said of the Republican opposition. “Impeach Bush” was his answer to the critics.
Progressive Breakfast: Whither The Auto Rescue
LiberalOasis : The Blog —
... Politico reports the fallback plan may be to tap TARP rs: "And [Speaker Nancy Pelosi] said this could mean that Treasury Secretary Henry Paulson will have to do what he hasn’t wanted: tap financial rescue funds to keep General Motors Corp from falling into bankruptcy in President Bush’s last weeks in office. 'He may. He may,' Pelosi said." ...
Related Content
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... . . .
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 ...
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
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 ...
House approves auto industry bailout - Los Angeles Times
latimes.com 12/11/2008 — Reporting from Washington -- The House approved a $14-billion bailout package for U.S. automakers Wednesday, but the fate of the plan -- and of some of the nation's most storied companies and brand names -- remained uncertain because of deep-seated ...
House Republican Strategy on Auto Bailout Bill
openleft.com 12/10/2008 — The Republican House membership might try a vicious strategy to stop the auto bailout bill. Typically, bills go through the rules committee in the House, which controls floor time and which amendments are allowed to be proposed and voted on. ...
Auto Bailout: White House Considers Using Wall Street Bailout Funds
huffingtonpost.com 12/12/2008 — WASHINGTON — The White House said Friday it will consider using the Wall Street bailout fund to prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by President Bush and congressional ...
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 ...
No Auto Bailout For You
eschatonblog.com 11/14/2008 — Dodd sez it isn't going to happen in this Congress for the auto makers.
While I have mixed feelings about such a thing generally, it's pretty interesting that we're propping up the fake economy and letting the real economy whither.
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