foxnews.com - 12/12/2008
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The White House said Friday it is considering using part of the $700 billion Wall Street rescue fund to prevent the domestic auto industry from failing. Dana Perino, a spokeswoman for President Bush, said it would be "irresponsible" to further weaken the economy by letting Detroit's Big Three ...
foxnews.com - 12/19/2008
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foxnews.com —
The federal government will enable Detroit's ailing automakers
to survive a little longer by providing $17.4 billion...
in short-term financing in exchange for concessions from carmakers and their workers. President Bush said Friday that a bankruptcy was ...
(more)
White House to Loan Auto Industry $17.4B - FOXNews.com ...
biz.yahoo.com - 12/12/2008
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biz.yahoo.com —
WASHINGTON (Reuters) - The U.S. Senate failed on
Thursday night to reach a last-ditch compromise to bail...
out automakers, effectively killing any chance of congressional action this year. The $14 billion legislation officially died in the Senate late ...
(more)
Auto bailout dies in Senate: Financial News - Yahoo!
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Good news and bad news on the Big Thr…er, UAW bailout
No Runny Eggs —
The good news - cloture on the bill failed in the Senate 52-35.
The bad news - President Bush and the Congressional Democrats are still bound and determined to explicitly bail out the UAW this year.
The ugly news - Once the 111th Congress comes into session on January 6, 2009, the filibuster roadblock will be no more. Let’s review how the bipartisan Party-In-Government will pick up the necessary 8 votes (I will assume that the seat vacated by Barack Obama remains vacated, that Norm Coleman, who voted against this, is seated, and that Hillary ...
Breaking - Bush: “Fuck Congress, I’ll Bail Out The Auto Industry Myself. There’s A Million Jobs At Stake”
Pat Dollard | Young Americans —
... An aid package for the automakers failed in the Senate last night.
Bush was pressed by House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid to tap funds from the Treasury’s $700 billion bank-rescue fund.
The Bush administration had warned of a million lost jobs if the industry imploded. The Senate vote was a repudiation of Bush, who personally lobbied for the bill. Only 10 Republicans in the Senate voted to move forward on the auto-rescue plan.
Fox:
The White House said Friday it is considering using part of the $700 billion Wall Street ...
Another Betrayal from Bush
Daily Pundit —
White House Considers Auto Bailout After Senate Rejects Deal - FOXNews.com Transition Tracker
The White House said Friday it is considering using part of the $700 billion Wall Street rescue fund to prevent the domestic auto industry from failing.
Dana Perino, a spokeswoman for President Bush, said it would be “irresponsible” to further weaken the economy by letting Detroit’s Big Three automakers fail. Perino said the White House normally would prefer to let the financial markets determine the companies’ fate. ...
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reuters.com 12/6/2008 — WASHINGTON (Reuters) - Democratic leaders and the White House reached a deal to provide billions of dollars in relief to the ailing U.S. auto industry, a senior congressional aide told Reuters on Friday. The package, which Democratic leaders hope to ...
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