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Dems want automakers to show bailout spending plan
Dems want automakers to show bailout spending plan
Senate Majority Leader Harry Reid said "we've tried a number of different approaches" to the bailout legislation.
Chances Dwindle on Bailout Plan for Automakers
Chances Dwindle on Bailout Plan for Automakers
nytimes.com — Democratic leaders calling for an aid package to help auto companies conceded that they would face potentially... insurmountable opposition in Congress. > (more) Chances Dwindle on Bailout Plan for Automakers
Dems vs. Dems in new Congress
politico.com — Democrats are entering a treacherous power zone. See also: Senate change  and Waxman coup... (more) Dems vs. Dems in new Congress
Big Three Bailout-- Dems Plan $25 Billion Detroit Rescue
Big Three Bailout-- Dems Plan $25 Billion Detroit Rescue
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 ...

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