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No UAW Haircut, no Little-Three Bailout?
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 ...
Final roll call vote on the UAW bailout
Final roll call vote on the UAW bailout
michellemalkin.com — Here’s the roll call vote on the UAW bailout cloture motion (Motion to Invoke Cloture on the... Motion to Proceed to Consider H.R. [...] Read the rest » (more) Final roll call vote on the UAW bailout
U.A.W. in Center of Dispute Over Bailout Failure
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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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 ...

Related: corker proposal
Corker saves the dayPoliPundit.com
Some good news on a Thursday afternoon: the Pelosi/Bush bailout is in trouble and Tennessee Senator Bob Corker's proposal is gaining traction as a sound alternative: • One, give existing bondholders 30 cents on the dollar to help reduce their overall debt load. • Two, bring wages immediately in ...