wonkroom.thinkprogress.org - 11/14/2008
—
There seems to be a growing consensus in Washington that the federal government needs to bail out America’s auto industry. The Wall Street Journal reported today that Sen. Harry Reid (D-NV) and Rep. Nancy Pelosi (D-CA), in a letter sent Saturday , “formally requested that Treasury ...
online.wsj.com - 11/12/2008
—
online.wsj.com —
Pelosi plans to push legislation next week to
help the ailing auto industry and has tapped Barney...
Frank to craft a bill that would give auto makers "limited" assistance under TARP.
(more)
Pelosi Backs Special Session for Auto Aid
huffingtonpost.com - 11/20/2008
—
huffingtonpost.com —
WASHINGTON — A bipartisan group of auto-state senators
reached a last-ditch compromise Thursday to throw Detroit's Big...
Three a government lifeline worth billions, but the plan faces an uphill battle in a reluctant Senate. With the auto ...
(more)
Bipartisan group works to revive auto bailout
afp.google.com - 11/10/2008
—
afp.google.com —
Obama's chief of staff urges swift help for
auto industry 21 hours ago WASHINGTON (AFP) President-elect Barack...
Obama's chief of staff Sunday urged swift action to rescue the US auto industry, which is in peril due to flagging sales, job cuts and the ...
(more)
Obama's chief of staff urges swift help for auto ...
Comments
Blog Reactions
Flashback: Last Month, McCain Promised To Do ‘Whatever…Needs To Be Done To Help Our Automotive Industry’
Think Progress —
... Today, the New York Times reports that Republicans are balking at a rescue package for the struggling auto industry. The bill would use some of the funds originally appropriated to shore up the banking system. Democrats need 60 votes to move the measure forward, but Sen. Chris Dodd (D-CT) said, “ ...
Democratic leaders: No deal reached on auto bailout.
Think Progress —
... The Wonk Room’s Pat Garofalo explains the necessary components for any auto rescue package, including strong oversight and requirements for innovation. ...
DAY'S END ROUNDUP
News —
... asserts. Reid and Pelosi announced today that they are prepared to help the Big Three only if the automakers offer a plan for how they would use the money to stay viable as companies, and Wonk Room's Pat Garofalo agrees with Reid and Pelosi that federal aid should come with strong conditions on how Detroit uses the money. Soros is a major backer of Franken's efforts to closely monitor this week's recount in the Democrat's bid to unseat incumbent Sen. Norm Coleman (R-Minn.), ...
Related Content
The Auto Bailout
balloon-juice.com 11/23/2008 — Over at the Corner , all sorts of gruesome numbers regarding the woes of the Big Three, and the question I have to keep asking is why bail them out? I really do not understand how sending tens of billions on top of the 25 billion in loans to ...
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.
Auto Bailout: From the Ashes?
blogs.abcnews.com 11/20/2008 — ABC News' Jonathan Karl Reports: A deal has been struck in the Senate on a compromise bailout plan for the Big Three automakers. It is still unclear whether this will pass the Senate. And, if it does, it is unclear...
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... . . .
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.
Obama v. Congress: The Auto Industry Bailout
marcambinder.theatlantic.com 11/8/2008 — Perhaps the first real test of Barack Obama's political capital will be how aggressively he pushes to give the auto industry more government help. On CNBC this morning, Rep. Adam Smith (D-CA) said that Congress shouldn't bail out companies that are ...
The Sunday Morning Talk Shows: The Review
redstate.com 11/9/2008 —
PREFACE:
On FNS, John Podesta, Obama's transition guru, asserted that
there was a progressive wing of the Republican Party but it had
died several decades ago. He also admitted that his organization,
Center for America Progress, had sucked ...
Auto bailout debate: What's at stake - Nov. 17, 2008
money.cnn.com 11/17/2008 — NEW YORK (CNNMoney.com) -- For more than a century, the U.S. auto industry has been at the center of the American industrial economy. Events over the next month could determine if that remains the case. This week, Congress will consider whether to ...
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 ...
Follow BeltwayBlips on Twitter
