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Bailout Talks Collapse
The Page by Mark Halperin —
... "Senate Republicans and Democrats have effectively handed the hot-button issue to the person they all believe should have dealt with it in the first place, President George W. Bush."
NYT: "A bruising defeat for President Bush in the waning weeks of his term, and also for President-elect Barack Obama..." ...
Cascade
The Agonist - thoughtful, global, timely —
... The failure of Congress and the President to come up with some kind of workable bailout, or prepackaged bankruptcy plan will have nasty consequences. But they won't be as rapidly apparent as those of the Lehman collapse. Make no mistake, however, ...
BAILOUT TALKS COLLAPSE
The Page by Mark Halperin —
... They've "effectively handed the hot-button issue to the person they all believe should have dealt with it in the first place, President George W. Bush."
NYT: "A bruising defeat for President Bush in the waning weeks of his term, and also for President-elect Barack Obama..." ...
The Early Word: No Bailout. Now What?
The Caucus —
... and the viability of General Motors and Chrylser remained uncertain. The Times’s David M. Herszenhorn also writes that the failure of the bill was “a bruising defeat for President Bush in the waning weeks of his term, and also for President-elect Barack Obama, who earlier on Thursday urged Congress to act to avoid a further loss of jobs in an already deeply debilitated economy.” Politico’s David Rogers also ...
Bush reconsiders position on automakers
Political Animal —
BUSH RECONSIDERS POSITION ON AUTOMAKERS The White House has said, repeatedly, that it has no intention of using TARP money to support the ailing U.S. automakers. Bush expected Congress to pass a new bill, and negotiated with congressional Democrats -- congressional Republicans refused to join the talks and/or offer their own legislation for consideration -- to strike a compromise. Now that the deal has collapsed due to GOP obstructionism, the president is reconsidering his position . In a shift, the White House said Friday morning that it would consider using money from 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. ...
And The Hits Keep Coming
N/A —
... Ten hours after the Senate rejected a separate lifeline for the automakers, White House Press Secretary Dana Perino said in a statement it would be “irresponsible” to let the companies crash. So she said Bush will “consider other options,” including the $700 billion Troubled Assets Relief Program that Congress created for the Treasury Department in October.
Looks like TARP money will flow, but the battle will continue. Now Bush fights Republicans. Why? ...
Voinovich warns President that he may be remembered as ‘George Herbert Hoover Bush.’
Think Progress —
... that Sen. George Voinovich, who supported the auto loans, is among those urging Bush to move quickly with an auto rescue that would entail shifting funds from the $700 billion bailout package for Wall Street. ...
DAY'S END ROUNDUP
News —
... David Kurtz, TalkingPointsMemo [image] Stay Classy, Constitution Party – David Weigel, Hit & Run [image] Blame White House for Torture – John Amato, Crooks and Liars [image] Big Coal Ends Campaign – Ali Frick, Think Progress [image] Shea-Porter for Senate? – James L., Swing State Project [image] Rahm-a-Drama - Michelle Malkin OTHER NEWS SOURCES: Cao's Interest in CBC Could Spark Clash - The Hill White House Open to Use Bailout Money for Detroit - New York Times UAW: Paulson Must Stop ...
Confederate Senators From Japan
The Moderate Voice —
... In killing the Detroit bailout this week, Republican Leader Mitch McConnell of Toyota joined his colleagues Dick Shelby of Honda and Bob Corker of Nissan in upholding a basic American principle: Blame all economic woes on greedy unions. ...
