Skip to comments.Senators reach compromise on emergency auto loans: report
Posted on 11/20/2008 9:47:08 AM PST by Sleeping Freeper
SAN FRANCISCO (MarketWatch) -- A bipartisan group of auto-state senators say they have reached a compromise to speed emergency loans to Detroit's Big Three car makers, the Associated Press reported Thursday. Republicans and Democrats plan to present the proposal at a mid-afternoon news conference Thursday but it was not clear whether the compromise plan could draw enough support to get through the Senate, the news agency said.
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if MI Dims want to sell cars, why don’t they offer a MI tax holiday on cars sold there?
Let's hope not. And then let's hope it gets vetoed.
Beside Voinovich who is an auto-state senator from the Republican Party?
When the economy becomes centralized it becomes possible for it to fail.
A decentralized economy will always muddle through. No no thing, no one bankruptcy, no one case of stubborn incompetence will ever bring the whole thing down.
Politicize the economy, let the central government become the guarantor of the economy, and you are begging for a systemic collapse.
Bush better veto everything that comes his way until he is gone - this way the blame can solely be on Obama when his socialized programs take us into the next Great Depression...
Translation: Several senators who already support a bailout got together and agreed on a deal. They’ll try later to convince the rest of the Senate.
This is a non-story pushed by the AP.
gm= General Motors
There is something drastically wrong with Socializing the Risk while the Privatizing the Profits.
A bi-partisan group of Senators????
McCain must be back in town!!!!!!
“A bipartisan group of auto-state senators say they have reached a compromise”
Translation: We have a list of earmarks to include. Oink, oink.
don’t think Bush will veto.. I think its his plan.. use the money already set aside for auto manuf and fuel efficient cars..
Could be $25 Billion in bailout.
And for all their hard work, $10 Billion in pork for the Congress.
Election is over. New Congress doesn’t come in for a couple of months. They are going to get what they can while they can. That way, the new Congress can blame the old Congress. [So what if most of the new Congress is made up of old Congress members. After January 2, it’s new.]
$25 billion would just be a down payment.
Hear Ye! Hear Ye!.....Let the rape of the taxpayer commence!
Well here we go again.
I would be willing to bet the constituent mail on this is much like the mail on the Barney’s Banks Bailout Bill. I.e., roughly 90% against.
In the past I have voted for Republican congress critters partly because of fear of democrats gaining control.
It may be that the only way to wake “Repubican” congressmen up is to vote them out unless they start listening to the voters.
When the fake recounts are finished, it is very likely the democrats will have a 60% margin in the senate.
The socialists (oops, forgot to use the politically correct term “democrats”) would have no more power with 100% than they do with 60%. Either way they can do whatever they want.
THE ONLY THING THAT WILL WAKE UP THE RNC AND CONGRESSIONAL LEADERSHIP IS THE THREAT OF LOSS OF THEIR SEATS!
I don’t have the quote at hand but I read once that a famous jurist once said something to the effect of, “The best way to get a bad law changed is to enforce it strictly.”
I think our Republican leadership problem is a similar situation.
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