nytimes.com - 12/19/2008
—
A $13.4 billion loan to General Motors and Chrysler may be followed by $4 billion more if the Obama administration finds sufficient progress. >
corner.nationalreview.com - 12/17/2008
—
corner.nationalreview.com —
Why didn't Time consider God for having the
wisdom and compassion to deliver Obama to us? Or,...
for the more secular minded, why didn't he thank the gamma rays that ignited the life-spark that ultimately created single-celled life-forms which, ...
(more)
Re: Tough Choices
Comments
Blog Reactions
The Bailout
Daily Kos —
... to other debts, to the extent permitted by law. Firms must allow the government to examine their books and records. Firms must report and the government has the power to block any large transactions (> $100 M). Firms must comply with applicable Federal fuel efficiency and emissions requirements. Firms must not issue new dividends while they owe government debt. What does this mean for the UAW workers? That it's time to negotiate: The debt reduction and the cuts in wages were central ...
To The Bailoutmobile!
Truthdig: Drilling Beneath the Headlines —
In an avowed effort to save capitalism from itself, President Bush announced Friday that he would throw the big three failing auto companies a $17.4 billion lifesaver, siphoning that money from the initial $700 billion bailout slush fund authorized by Congress in October.
The New York ...
Do Americans Support the Auto Bailout?
Weekly Standard Blog —
... President Bush approved a short-term bridge loan to Detroit on Friday averting a pre-New Year’s bankruptcy for one or more of the auto companies. But the White House action also kicked the can to the Obama administration to figure out a longer-term solution. ...
Related Content
Hard Choices
ryanavent.com 2/23/2009 — There is an understandable amount of hand-wringing in New York City these days, as the fate of the city’s financial industry remains unclear. It will persist, I think it’s safe to say, but it will be smaller and less lucrative than before, ...
Wait, Wait, Do Tell Me
marcambinder.theatlantic.com 12/1/2008 — With an accompanying brag about transparency, the Obama transition office released its transition donors today. This will be a monthly practice; the transition entity is required to report to the Federal Election Commission next year.
Berman ...
GM and Chrysler Will Get $13.4 Billion in U.S. Loans (Update3)
bloomberg.com 12/19/2008 — Dec. 19 (Bloomberg) -- General Motors Corp. and Chrysler LLC will get $13.4 billion in initial government loans to keep operating in exchange for a restructuring under a rescue plan announced by President George W. Bush . A bankruptcy is unlikely to ...
America can’t wait for Bush to leave.
thinkprogress.org 12/29/2008 — A new CNN/Opinion Research Corp. poll finds that 75 percent of Americans are glad President Bush is leaving office ; just 23 percent indicated that they will miss him. CNN notes that when Clinton left office, more Americans — 45 percent — ...
Bad Choices
bootsandsabers.com 12/19/2008 — I understand that the NFL is showing some games exclusively on the NFL network in order to encourage people to pay for that network, but it’s having the opposite effect on me. I kind of wanted to watch the Colts/Jags game tonight, but when I saw that it was on the NFL network (which we ...
Detroit bailout Barack Obama
salon.com 11/13/2008 — Nov. 12, 2008 | Why bail out the car companies when they bailed out on us? General Motors and Ford burned through a stunning $14.6 billion in cash last quarter. G.M.'s stock has sunk so low that you could buy the entire company for $2 billion. ...
AIDS and the President--An Inside Account
commentarymagazine.com 1/6/2009 — It will be years, maybe decades, before something resembling a consensus emerges on the Bush presidency. But if there is one area where Bush has already been given credit even by some of his harshest critics, including Bill Clinton and Barack Obama, ...
A Bit Of Truth For World AIDS Day Tomrrow: The AIDS Crisis Is Overblown
sayanythingblog.com 11/30/2008 — A group of experts are beginning to criticize the AIDS movement for saying that their cause is pulling funding and support away from more pressing causes.
LONDON – As World AIDS Day is marked on Monday, some experts are growing more outspoken in complaining that AIDS is eating up funding at ...
Tough Choices
yglesias.thinkprogress.org 11/24/2008 — A little slice of the developing Citigroup rescue :
Regulators were debating various terms of the arrangement on Sunday, including whether the government would receive preferred stock or warrants, which are instruments that give holders the right ...
Bush announces auto rescue —
CNN Political Ticker 12/19/2008
Bush announced an auto bailout plan Friday morning.
NEW YORK (CNNMoney.com) — President Bush announced a rescue plan for General Motors and Chrysler LLC Friday morning that will make $13.4 billion in federal loans available almost ...
Obama statement on Bush bailout —
First Read 12/19/2008
From NBC's Mark Murray and Domenico MontanaroObama's transition office released the following statement from the president-elect: "Today's actions are a necessary step to help avoid a collapse in our auto industry that would have devastating ...
Follow BeltwayBlips on Twitter
