michellemalkin.com - 12/12/2008
michellemalkin.com - 12/12/2008
michellemalkin.com - 12/19/2008
nytimes.com - 12/12/2008
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nytimes.com —
DETROIT Opponents of a Congressional bailout for
Detroit auto companies and the United Automobile Workers union...
traded charges Friday over who was responsible for the defeat of legislation that would have provided temporary financing until the ...
(more)
U.A.W. in Center of Dispute Over Bailout Failure
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Why Being A Republican President Is The World's Most Unenviable Job
Wizbang —
... longstanding objection to using using the Wall Street bailout fund to help save G.M. and Chrysler. White House Press Secretary Dana Perino announced, in part: "...[W]e will consider other options if necessary - including use of the TARP program -- to prevent a collapse of troubled automakers. A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time." Unfortunately, as Michelle Malkin notes, the TARP program -- according to its own guidelines -- can only be used ...
Using TARP to Bail Out Big Three: Illegal?
Patterico's Pontifications —
Via Michelle Malkin comes a link to an argument that using TARP money to bail out the Big Three would be illegal.
It’s a pretty convincing case. Then again, President Bush is famous among lefties for allegedly not caring about the law. Whether that’s a fair characterization or not, the fact remains that he has been discussing it, according to numerous news reports.
The possibility of a TARP bailout may be the only thing that kept the market from diving 1000 points today, as I had predicted last night. If Bush doesn’t dip ...
Robert Reich Stands Tall for the Separation of Powers
Hit & Run —
Clinton administration Labor Secretary Robert Reich, who supports an auto industry bailout, nevertheless agrees that President Bush's unilateral loan plan is illegal and unconstitutional. This shows I'm right! Well, maybe not, but it's an example of a man standing up for a principle even when the principle is inconvenient. Too bad Obama couldn't muster similar courage. Go here, here, and here for other examples of dissent, all from conservatives or libertarians who (like me) oppose ...
Related: tarp bailout
White House signals TARP use for Detroit
swamppolitics.com 12/12/2008 — by Frank James
The White House just announced it's considering using the Treasury Department's TARP program, the $700 billion rescue fund heretofore used for inject money into the financial industry, to bailout the Detroit 3 in the wake of the ...
A ‘TARP’ To Cover Detroit —
Truthdig: Drilling Beneath the Headlines
The White House has shifted from its original position to state that it now is willing to consider using bailout funds from the $700 billion Troubled Asset Relief Program, or TARP, to keep the country’s top three automakers afloat. The announcement comes after negotiations in ...
White House Contemplates Big 3 Intervention —
The Latest on Air America
Today's talk of the White House intervening on behalf of the Big 3 says everything there is to say about the failures of the Bush years. While lawmakers tried to reach a good solution, Bush pre-empts. And he's wrong again.
It is hugely important as our lawmakers debate how to best help the ...
State Department Advising Bush on Auto Bailout? —
Weekly Standard Blog
After pledging not to use TARP funds to bailout the auto industry, the White House indicated this morning that, well, President Bush was open to using TARP funds to bailout the auto industry.
Offering significant concessions with no hope of changing decades-long bad behavior...
Does Bush ...
White House Considers Using TARP for Automakers —
Calculated Risk
From MarketWatch: White House considers using TARP for auto bailout The Bush administration will consider ... using ... the Troubled Asset Relief Program, White House spokeswoman Dana Perino said Friday. "A precipitous collapse of this industry would have a severe impact on our economy, and it ...