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Keyword: detroitauto

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  • Shelby warns of filibuster of auto bailout

    12/07/2008 7:53:28 PM PST · by Ernest_at_the_Beach · 123 replies · 1,823+ views
    Politico ^ | 12/7/08 1:19 PM EST | JOHN BRESNAHAN
    With job losses mounting and Detroit’s Big Three automakers facing a battle on Capitol Hill over emergency federal aid, President-elect Barack Obama on Sunday predicted more hard times for the U.S. economy before it starts to turn around, and Sen. Richard Shelby (R-Ala.) threatened a potential filibuster of any attempt to bail out the automakers. ”This is a big problem. It’s gonna get worse,” Obama warned on NBC’s “Meet the Press.” “Things are going to get worse before they get better,” he added. Obama’s comments came on a busy Sunday morning that saw Secretary of State Condoleezza Rice making stops on...