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money.cnn.com - 12/12/2008

Wall Street bailout funds may be used to bail out Detroit - Dec. 11, 2008

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WASHINGTON (CNN) -- The proposal to loan $14 billion to Detroit's struggling automakers collapsed late Thursday night but the Big Three may get some money anyway. Bush officials warned wavering GOP senators earlier Thursday that if they didn't support the legislation, the White House will likely ...

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money.cnn.com - 12/12/2008

Bank bailout funds could be used for Detroit - Dec. 11, 2008

— money.cnn.com — WASHINGTON (CNN) -- The proposal to loan $14 billion to Detroit's struggling automakers collapsed late Thursday night but the Big Three may get some money anyway. Bush officials warned wavering GOP senators that if they didn't support the legislation, ... (more) Bank bailout funds could be used for Detroit - Dec. 11, 2008

Congress

Republican National Committee

Washington, D.C

Jeb Bush

General David Petraeus

Comments vote downundo vote up Tammy Bruce found this 12/12/2008found this

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huffingtonpost.com - 12/12/2008

Auto Bailout: White House Considers Using Wall Street Bailout Funds

— huffingtonpost.com — WASHINGTON — The White House said Friday it will consider using the Wall Street bailout fund to prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by President Bush and congressional ... (more) Auto Bailout: White House Considers Using Wall Street ...

Comments vote downundo vote up Wonk Room found this 12/12/2008found this

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Republicans Kill Big 3 Bailout
Taylor Marsh — ... Again, I hated the bailout, but under the circumstances we cannot afford to see millions of people out of work, with the economic contagion a Big 3 collapse would cause for this country. Jane has Chris Dodd’s speech. The fallout begins. Will Bush step in? ...

Bailout Failed!
RIGHTWINGSPARKLE — I can't believe it. Michelle has all the details at the link. Here is the roll call. CNN says.... "the White House will likely be forced to tap the Wall Street bailout to lend them money." Pres. Bush and Democrats fighting Republicans on this. It's a strange strange world.

Senate Republicans kill auto bridge-loan
The Reaction — By Creature They really want to see the United States economy go under. And why? Because they hate unions. The enormity of this ideological blunder by Senate Republicans cannot be overstated. Overnight stocks have already tanked and the U.S. stock market is set to do the same. All eyes now look to George Bush to save the day. How fucked up is that? Update: Ian Welsh thinks Obama can still twist a few arms. I'm not that hopeful. (Cross-posted ...

Corker: All we asked is that the UAW give us a date by which it would become competitive
Hot Air » Top Picks — ... , says Corker.) After all, TARP is a sweeter deal for them than Corker’s bill since, as one White House source noted, the loans come with few strings attached . Thus have the inefficiencies of the initial Wall Street bailout made this bailout more inefficient, too. Watch, then read on. Two points about all this. One: If Bush is going to bite the bullet and release the TARP money ( ...