Politics
Why did the auto bailout proposal fail?
Congress fails to reach a proposal agreement to rescue the Auto Industry with emergency financial aid, but left open the prospect to retry the matter after Thanksgiving. Read more...
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The Big 3 have no turnaround plan
No one has come up with a plan that can pass the House and Senate and be signed by President Bush. The auto companies have not been able to convince Congress or the American people that this bailout will be their last. Read the Article
Quoted by brownlu on Nov. 20th, 2008
It didn't; there's still time to help
Inaction is simply not an option. Without immediate action, we could see -- and I stress 'could see' -- the collapse of one or more of the domestic automakers by the end of the year. Read the Article
Quoted by brownlu on Nov. 20th, 2008
I think there is a genuine concern here of getting something done during this period of time so that we don't lose General Motors. I think most people realize that this country's in a deep recession. If we lose GM...it could put us over the cliff. Read the Article
Quoted by brownlu on Nov. 20th, 2008
Hank Paulson
Paulson knows he has authority to take the money. He just doesn't want to do it. Read the Article
Quoted by brownlu on Nov. 20th, 2008
Congress mistrusts the Auto CEOs
There's a delicious irony in seeing private luxury jets flying into D.C. and people coming off of them with tin cups in their hands. It's almost like seeing guys show up in the soup kitchen in high hat and tuxedo. Read the Article
Quoted by brownlu on Nov. 20th, 2008
Political posturing from both parties
If Congress leaves for...vacation without having addressed this important issue, and especially if the Senate leaves without Senator Reid even allowing a vote on this [Republican] amendment, then the Congress will bear responsibility for anything that happens in the next couple of months... Read the Article
Quoted by brownlu on Nov. 20th, 2008
