THE AUTO BAILOUT IS STALLING:
Bailout nation is in trouble today as reports circulate that the li…
Instapundit —
THE AUTO BAILOUT IS STALLING:
Bailout nation is in trouble today as reports circulate that the little-three bailout deal does not have the votes in the Senate to pass. Also, Nancy Pelosi wants a lot of Republican votes in the House, but it doesn’t look like she’s gonna get them. One key point missing from the Democratic proposal is a strict compensation condition, whereby GM wages and benefits must equal Toyota’s. The difference right now is roughly $75 for GM and $48 for Toyota. This is the Sen. Bob Corker proposal, and he himself is opposed to the bill ...
Auto Bailout Hits the Skids
Pajamas Media —
... capacity to respond to market conditions, automakers must respond to market demands as well.“I regret to conclude that this proposal Republicans saw yesterday afternoon does not do enough to fix the whole problem. It subsidizes it. A real solution must protect the taxpayers by forcing the changes needed to put these companies on a path to long term success.” And then the deal hit the skids. In a flashback to the Henry Paulson $700B bailout earlier in the year, it seemed that the Republicans are not going for it. Belatedly the ...


