Skip to comments.(MI) Source: Auto Rescue Deal Reached
Posted on 12/12/2008 4:13:50 PM PST by Kieri
WXYZ) Sources tell Action News that the White House and U.S. automakers have reached a deal that could prevent a collapse of the industry.
IN THE VIDEO PLAYER ON THE RIGHT, ACTION NEWS REPORTER TOM WAIT SAYS THAT A DEAL HAS BEEN REACHED BUT THAT AN ANNOUNCEMENT WILL NOT COME FRIDAY NIGHT
Our source says the agreement with the Bush administration will mirror the bill that passed the House.
We do know the White House and officials from GM have been in talks for several hours. The negotiations may also involve the Federal Reserve.
President Bush is back in Washington after a trip to Texas and an announcement could come at any time.
Bush also released a statement today saying "The economy could not handle the collapse of the car industry."
Congress is now out of the game after talks in the Senate broke down last night.
Bush Bush Bush, what was the point of having the damn House and Senate vote on it if you were intending on passing it anyway
Sounds like Corker may have gotten the oversight he wanted
Bush the republican socialist that just can’t stop giving away our money.
Either way, it is a NO WIN situation.
Where does this end? I am all for all good Americans who are following the Constitution to march on DC . I am ready for a revolt.
I believe accountants call it "window dressing". This was the plan all along. The vote also allowed Senate Dems in red states to vote in a way that please MOST of their constituents.
Wow. That’s very noble of Bush. I’m sure the UAW workers will be so grateful and will remember to vote Republican in the next election.
If congressional approval was needed for the $700 billion bail out. And the bill spelled it out very clearly what the money was to be for, how can “they” simply say “Screw you guys. I’m going home! And I’m taking the billions with me.”
This is an unsubstantiated rumor, and nothing more.
“We do know the White House and officials from GM have been in talks for several hours.”
In other words, SCREW the legislative process... it means nothing.
This is a textbook example of how Socialist banana republics operate.
So, are the Democrats going to scream about usurpation of power now? Somehow, I bet not. George Bush is the only Socialist in the world that is hated by the left, and it sure isn’t due to any lack of effort on his part to advance their agenda.
Our currency will eventually just be Monopoly money.
OMG, that’s awesome. LOL.
Fixed Bush's statement. That's what he meant, right?
If this is true, how many other companies will line up under the Forteenth Amendmen and the equal protection clause for money? Napolitano had a take on this today about bailouts being unconstitutional. It is and I am ready.
Speaking of screaming...there’s a LOT of noise here in Michigan about anger against the southern states and the Republicans who voted against this bailout bill. The fury and hatred about to seep out of this godforsaken state is going to be stunning.
The rest of the US needs to forget about the mitten. I hate to say it, but it needs to self destruct before things can improve.
All we will be able to afford then is Baltic Avenue.
I think it’s now fair to say that our President just sullied his legacy among Conservatives.
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