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.
LOL - Unless you've been there you don't know how funny (or true) that is.
Lets just grant the bridge loan to bankruptcy to the auto makers...who’s next..? Used to be when a product or service was no longer needed it went away. And in this case there is no consumer demand. Why do we have to finance their failed companies ? This bailout program is disasterous.
On Drudge...Treasury at the ready to prevent collapse...
The Treasury Department said Friday it’s prepared to act to avoid any possible collapse of nation’s three largest auto companies given that rescue efforts in Congress have failed.
“Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said Treasury spokeswoman Brookly McLaughlin.
Not anymore. On Drudge now.
I did send an email to GM stating no more purachases of their product if bail out happens.
Won’t be long before we are all driving Yugos
Bush is seriously p__ing me off.
Excellent and that pretty much sums it up.
Bush changes mind, may save auto giants
Politico | | 12/12/08 9:36 AM EST | By MIKE ALLEN
Posted on 12/12/2008 7:04:08 AM PST by meandog
http://www.freerepublic.com/focus/f-news/2147563/posts
They’re looting. They can call it whatever they like, it’s looting.
Consider me a patriot behind enemy lines.
That is pure BS!
The 'car industry' isn't collapsing. A FEW of the car industries are BANKRUPT!
Sorry to belabor the obvious, but doesn’t this kind of skip over the whole Constitution and legislative process? Oh that’s right, I forgot, we are using the Constitution as toilet paper these days in Washington.
I will NEVER buy one of their cars, period! And now, I’m going to encourage others not to buy them either!
.
Bush is a fool.
Obama wanted to be distance himself from the Bailouts and all this stuff will be laid at Bush’s feet in the future.
Bush is a fool.
Two years from now the Dems might even has Congressional hearings accusing the Bush administration of violating the Bailout Act. Multiple Congressman have said that act was for Lending institutions.
What an idiotic move. The Unions make not one single concession. They have all kinds of money to influence politics - and they scam the Gov’t for this money now.
Michigan is a High Tax, bad for business place - why?
Because of engrained Democratic Politics and corruption.
.
Bush isn’t really a republican.
Very good.
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