cnn.com - 11/20/2008
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Senate Majority Leader Harry Reid said "we've tried a number of different approaches" to the bailout legislation.
politico.com - 11/25/2008
gatewaypundit.blogspot.com - 11/15/2008
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gatewaypundit.blogspot.com —
The Senate will meet on Monday to debate
the bailout of the troubled auto industry. A dozen...
to 15 GOP votes in the Senate will be needed to prevent opponents from blocking it in the Senate. Titan Trader at Power Line Forum asked today: Why should ...
(more)
Big Three Bailout-- Dems Plan $25 Billion Detroit Rescue
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Halle-Freakin-Lujah! Congressional Democrats Do the Right Thing in Auto Industry Crisis
Stubborn Facts —
... I just watched the Congressional Democrat press conference where they unveiled their strategy for going forward with the auto industry crisis. Leader of the House, Nancy Pelosi, said it best, "Show us the plan and we'll show you the money." They're demanding accountability and a plan for long term viability of the American automotive industry before giving them any tax payer money. I think this is a really smart strategy to move forward, and I am heartened to see Congress taking their fiduciary duty to the American tax payers seriously. My personal preference would be to let the ...
Three Stooges Reassure Markets
The Jawa Report —
Here's Moe, Nancy and Harry speaking...
click image for story
And here's the reaction....
Red arrow marks the moment Harry Reid opened his mouth.
Nice Job.
Thursday's Mini-Report
Political Animal —
... : "Wall Street slumped Thursday afternoon and the S 500 closed at an 11-1/2 year low as fears of a prolonged recession sparked a massive selloff.... The Dow Jones industrial average lost 445 points or 5.6%. It closed at the lowest level since March 12, 2003, just above the low of the last bear market. The Nasdaq composite lost 5.1% and also closed at its lowest level since March 12, 2003." * Democratic leaders in Congress are open to a rescue plan for U.S. automakers, but they're looking for a coherent plan first : "[Senate Majority Leader Harry Reid] and House Speaker Nancy ...
Related Content
Detroit automakers' rescue stalls in Senate
(AP)
news.yahoo.com 11/20/2008 — AP - A plan to give troubled U.S. automakers billions of dollars in government-backed loans is on life support, leaving the fate of hundreds of thousands of workers and Detroit's once-venerable car companies hanging in the balance.
Time to Help U.S. Automakers
americanprogressaction.org 11/17/2008 — Time to Help Detroit Automakers November 17, 2008 We urge you to support legislation to grant a $25 billion bridge loan to the U.S. auto companies to ensure that they avoid bankruptcy. The auto industry is suffering from an extended, steep sales slump ...
Democrats Seek Help for Automakers
nytimes.com 11/12/2008 — Congressional leaders said that they were ready to push emergency legislation to aid the auto industry, setting the stage for one last showdown with President Bush. >
George Will - Let the Automakers Go Bankrupt
washingtonpost.com 11/18/2008 — "Nothing," said a General Motors spokesman last week, "has changed relative to the GM board's support for the GM management team during this historically difficult economic period for the U.S. auto industry." Nothing? Not even the evaporation of ...
U.S. automakers to submit plans to Congress
msnbc.msn.com 12/2/2008 — Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies.
Spending
susiemadrak.com 11/28/2008 — The local morning newsertainment show has reporters spread out across the area and so far, it looks like people are spending. Many of the local stores and malls were open as early as 4 a.m. with some pretty serious sales - even the Apple store is having a sale.
I feel sorry for Sears, though. ...
Rep. Frank Wants Bailout Shared With Automakers
npr.org 11/19/2008 — Morning Edition , November 19, 2008 CEOs from GM, Ford and Chrysler appear Wednesday before the House Financial Services Committee. Rep. Barney Frank, the committee's chairman, has drafted legislation extending the $700 billion rescue program to ...
Dems to Big Three: Show us a plan —
CNN Political Ticker 11/20/2008
Democratic leaders on Capitol Hill said Thursday the auto industry has to come up with a plan before Congress will authorize a bailout. (AP Photo)
WASHINGTON (CNN) – The auto industry has until December 2 to fashion a plan that will provide a ...