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Dems are postponing crucial vote on auto bailout
AP via SFGate ^ | 11/20/8 | KEN THOMAS and JULIE HIRSCHFELD DAVIS, Associated Press Writers

Posted on 11/20/2008 12:36:53 PM PST by SmithL

WASHINGTON (AP) -- Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable.

"Until they show us the plan, we cannot show them the money," Speaker Nancy Pelosi, D-Calif., said at a hastily called news conference in the Capitol.

She and Senate Majority Leader Harry Reid, D-Nev., said Congress would return to work in early December to vote on legislation if General Motors Corp., Ford Motor Co. and Chrysler LLC produce an acceptable plan.

The decision averted a likely defeat of legislation providing $25 billion loans for the industry. Reid and Pelosi said there was no plan in circulation that could pass both houses of Congress and win President George W. Bush's approval.

While the decision headed off the defeat of one bill, it did not necessarily translate into passage of a different one.

As a result, the fate of hundreds of thousands of auto workers and even of an iconic American industry hang in the balance.

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; Extended News; Government
KEYWORDS: 110th; aflcio; afscme; automakers; bailout; bho2008; big3; bonior; cardcheck; chicagomob; chrysler; congress; democrats; detroit; economy; environmentalists; ford; germany; gettelfinger; gm; granholm; hoffa; honda; labor; levin; michigan; nissan; obama; opel; pelosi; reid; seiu; taxes; teamsters; toyota; uaw; unions; unionthugs

1 posted on 11/20/2008 12:36:54 PM PST by SmithL
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To: SmithL

Hahahahahahawwwwwwwww, they couldn’t get the votes!


2 posted on 11/20/2008 12:38:46 PM PST by jessduntno (Barack - Kenyan for "High Wind, Big Thunder, No Rain")
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To: SmithL

The axis of evil, Obama/Pelosi/Reid, are waiting for their marching orders from the UAW.


3 posted on 11/20/2008 12:39:50 PM PST by Fred (The Democrat Party is the Nadir of Nihilism and BO is a WHINING marxist)
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To: SmithL

No republicans to blame for bad legislation?
Many lame ducks (Pres Bush included) won’t be around to blame in 2009 when the effects come home to roost- on Stretch Pelosi and Dingy Harry.


4 posted on 11/20/2008 12:39:59 PM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: SmithL

No republicans to blame for bad legislation?
Many lame ducks (Pres Bush included) won’t be around to blame in 2009 when the effects come home to roost- on Stretch Pelosi and Dingy Harry.


5 posted on 11/20/2008 12:40:04 PM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: SmithL

The car companies are steadily moving offshore in any case. Pay them billions or pay them nothing, its the same. They’re leaving.


6 posted on 11/20/2008 12:40:08 PM PST by marron
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To: SmithL

Why should the auto execs play this farcical game with Reid and Pelosi? They could retire with their millions and let their companies go bankrupt. The US would still have plenty of cars manufactured in the non-union South, particularly since not many customers have enough money to buy a car anyway.
The only ones to suffer would be the greedy UAW, who spent $400,000,000 in campaign funds to re-elect these lousy Dems. The laugh is on the union bosses who actually trusted them.


7 posted on 11/20/2008 12:41:54 PM PST by kittymyrib
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To: SmithL; LucyT; Fred Nerks
BUahahahahahahah!

Pelosifer, Reidifier, and the chronicles of Balarnia.

These too-toos are COMPLETELY UNFIT to govern America.

Soo they will have us all riding horses and bicyles.

We will become a 3rd world nation.

BUT WE WILL STILL HAVE OUR GUNS ;-)

8 posted on 11/20/2008 12:42:27 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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To: marron
UAW chief urges $25 bln in U.S. auto health care support (Union bailout-payback for $400,000,000) - http://www.freerepublic.com/focus/f-news/2127523/posts

Who's your DADDY Obama?? - - Youtube The One on Card Check

Why Doesn't Toyota USA Need A Bailout? - - http://www.freerepublic.com/focus/bloggers/2130909/posts

Big Three Bailout, Not So Fast! - - http://www.freerepublic.com/focus/news/2133229/posts?page=1
9 posted on 11/20/2008 12:43:09 PM PST by Fred (The Democrat Party is the Nadir of Nihilism and BO is a WHINING marxist)
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To: SmithL
Wow. Even Nancy gets it. The Congress Critters must be getting an earful from folks back home.
10 posted on 11/20/2008 12:43:43 PM PST by Martin Tell (Happily lurking in one location for over ten years)
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To: SmithL; swarthyguy

“Until they show us the plan, we cannot show them the money”

Automakers-need a “plan” for a line of credit.

Banks—no plan, $350 billion in bailouts, gifts and graft related to mystical financial instruments.


11 posted on 11/20/2008 12:44:05 PM PST by Shermy ("And so, of course, we've got a deficit, but I know we can grow out of the deficit" Bush II -2004)
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To: SmithL

In this case a punt is better than a Hail-Mary.


12 posted on 11/20/2008 12:44:22 PM PST by AU72
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To: Shermy

The instruments aren’t too much of a mystery.


13 posted on 11/20/2008 12:47:14 PM PST by Rick_Michael (Have no fear "Senator Government" is here)
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To: Shermy

Heck, as I said, all Paulson has to do is turn over 25 bill of the 350 he’s saving for Obama.

Talk about NO LEGAL CONTROLLING AUTHORITY, Paulson has it in spades, he doesn’t have to disclose or justify anything.

But, Paulson will save the bankers, but not working class joes. Bush of course, is just a witless, hapless bystander with no control over anything.

Fine, let the Chinese build the Corvette and the Koreans, the Mustang.

Surreal.


14 posted on 11/20/2008 12:49:30 PM PST by swarthyguy ( Bush Promised us Osama, but instead we're getting Obama)
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To: silverleaf

Republicans will still need to re-elected...This gives Dems and excuse to blame everything on Repubs. God help the Repubs if one of the big three fails and takes the economy with it before 12-8-2008.


15 posted on 11/20/2008 12:51:31 PM PST by bronxboy
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To: All

The Dems need some of that bipartisan baloney to hide behind, and they ain’t gettin’ any. If the Repubs join in, the Dems can spread the blame. This time the Repubs aren’t reaching across. Is it reaching across or reaching around? I forget.


16 posted on 11/20/2008 12:53:59 PM PST by Pelagius of Asturias
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To: Shermy

Voters know the Bank/No-Plan bailout was a debacle.

The fact that we screwed up once is not a reason to keep doing it forever. Everybody can see the bailout line starting to form. Automakers, then who? It will be an endless stream.

I think congress is hearing that voters don’t expect it to go on forever. It looks like the automakers got in line right after the door closed.


17 posted on 11/20/2008 12:54:26 PM PST by Brookhaven (The Fair Tax is THE economic litmus test for conservatives)
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To: SmithL

This is good, about the only effective weapon we have is to remove our fingerprints — Vote present on these type votes and allow the Democrats to tell the public how tax money should be used to bailout the UAW.


18 posted on 11/20/2008 12:54:36 PM PST by Tarpon (America's first principles, freedom, liberty, market economy and self-reliance will never fail.)
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To: Fred

All UAW & three auto mfg is wait untill Jan.. when the dems have a super majority... they can then do whatever they want. Unions are counting on it. Then the Unions wiht its check card... and Unionize every occupation that left in the USA. The Thugs will be out in full force.


19 posted on 11/20/2008 12:56:05 PM PST by Strutt9
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To: SmithL

If there are no cars what will use all that SAAUUUUUDDDDDIIIII OIL? Looks like they’ll give it away


20 posted on 11/20/2008 12:56:21 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: marron

A number of Asian news sites report that the largest Chinese auto maker (SAIC) will walk into the situation by the end of December and likely pick up GM...maybe even Chrysler. I think both will be desperate enough to accept the deal....to survive for a couple of years as all parts production is based in China.

As for Ford...I’m expecting a surprise “savior” to come in by mid January and cough up enough cash to save the company (maybe even the Russians).

The true losers in this entire deal? The parts industry in the US will be taken down within just a year or two...and the unions. The problem with this entire mess....is that if the banks had not gotten themselves so screwed up....then the loose credit would still be there and the screwed-up union deal would just continue on. What the democratic leadership did in allowing the banks to fall apart...has simply triggered a domino effect...and it won’t end with the car companies.


21 posted on 11/20/2008 12:58:46 PM PST by pepsionice
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To: SmithL

Thankfully, congress is forcing these whiny, self-serving auto companies to detail exactly how a $25B bailout would be used to prevent them from being just an endless beggar for more. As long as unions are allowed to rule the roost no amount of money will bail out the Big Three. And the Big Three CEOs would be wise to fly commercial for their next meeting with congress.


22 posted on 11/20/2008 1:05:44 PM PST by tnye
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To: SmithL

They need to be able to take credit for it, in the eyes of the unions. But they need to be able to blame the Republicans, in the eyes of everyone else. What a conundrum.


23 posted on 11/20/2008 1:08:33 PM PST by Sig Sauer P220 (Thanks to the robber barons in D.C. and on Wall St. I've been forced to become a minimalist.)
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To: SmithL

So where was the “plan” when we forked over $750 BILLION to Henry Paulson to dole out as he sees fit?

Not that I think we should hand over money to the Big Three.


24 posted on 11/20/2008 1:08:41 PM PST by autumnraine (Churchill: " we shall fight in the fields and in the streets, we shall never surrender")
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To: SmithL

Dodd/Frank Motors... where union solidarity is job one.


25 posted on 11/20/2008 1:09:02 PM PST by johnny7 ("Duck I says... ")
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To: kittymyrib
The laugh is on the union bosses who actually trusted them.

Not really. The union bosses have pocketed their millions. Its the union lackeys that are going to suffer for it.
26 posted on 11/20/2008 1:10:00 PM PST by Sig Sauer P220 (Thanks to the robber barons in D.C. and on Wall St. I've been forced to become a minimalist.)
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To: pepsionice
The parts industry in the US will be taken down within just a year or two...and the unions.

Would the unions forcibly migrate into other American businesses in that timeframe?

27 posted on 11/20/2008 1:10:43 PM PST by polymuser (Bye, bye Miss American Pie.)
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To: SmithL

Failed Speaker and Failed Majority Leader fail, yet again. Zero accomplishments. Year 3.


28 posted on 11/20/2008 1:14:10 PM PST by sappy
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To: kittymyrib
The UAW will get rewarded after Jan. 2009, money talks after all. Once the dems control everything it is just a matter of time. Some bailout or aid (In case of bankruptcy) will be dished out.
29 posted on 11/20/2008 1:20:47 PM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
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To: SmithL

I hate to say this, but the day they bailout the Big Three(IOW the UAW)is the day I stop buying Big Three cars.


30 posted on 11/20/2008 1:37:38 PM PST by bushbuddy
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To: sappy
Failed Speaker and Failed Majority Leader fail, yet again. Zero accomplishments. Year 3.

And 57% of Hussein's electorate think they're Republicans.

We're f***ed. BOHICA ...

31 posted on 11/20/2008 1:46:09 PM PST by bassmaner (Hey commies: I am a white male, and I am guilty of NOTHING! Sell your 'white guilt' elsewhere.)
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To: Rick_Michael

“The instruments aren’t too much of a mystery.”

OK, maybe I exaggerated.

They are “toxic” and “exotic”


32 posted on 11/20/2008 2:48:47 PM PST by Shermy ("And so, of course, we've got a deficit, but I know we can grow out of the deficit" Bush II -2004)
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To: bassmaner

57%....!? come on.....


33 posted on 11/20/2008 3:18:26 PM PST by Rick_Michael (Have no fear "Senator Government" is here)
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To: bushbuddy

Me too, not that my husband or I have bought them the last few times anyway. But it will be set in stone then.


34 posted on 11/20/2008 5:01:37 PM PST by mrsmel (That one is not my president.)
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