36 Congressmen Ask Obama to Return Authority Over Auto Bailout to Congress--(AMR)

CNSNEWS ^ | May 29, 2009 | Fred Lucas

[yoe]

[snip] "The Bush administration initiated the federal bailout of the auto industry with $17.4 billion in bridge loans going to Chrysler and GM in late 2008. Congress had rejected an auto bailout, so the Bush administration tapped the $700 billion Troubled Assets Relief Program (TARP), even though Congress had only authorized those funds to be used for financial institutions such as banks and credit unions."

"Earlier this year, President Barack Obama expanded the program to include at least $1.1 billion toward covering the cost of Chrysler and GM warranties during the restructuring."

Once again we see where Pelosi and Reid obstructed legitimate congressional business because it would have "made President Bush a success"

(Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown)

Pelosi is a crimminal and those that followed her directives during 2001 - 2008 have criminally broken their oaths of office to help Pelosi ruin a sitting President. Obama may have been trying to fix some of the bleeding by his theft of the treasury.....now plunging the nation into bankruptcy - "they" are simply printing more money and the dollar is about to become valueless.

[dirtboy]

Hmmm ... a fight over which branch of government gets to exercise usurped power. Color me underwhelmed.

[boxerblues]

Because of decisions made by the task force, the letter says, 9,000 workers at Chrysler plants will lose their jobs and 789 Chyrsler dealers have been slated to shut down. Rep. Steven LaTourette (R-Ohio) who wrote the letter, said the GM bankruptcy could lead to 100,000 dealership-related jobs nationwide and the closing of 14 GM plants.

“The president is being ill served by the auto task force. They’re making decisions that I think are making a tough situation much worse,” LaTourette told CNSNews.com. “Now the president has off-loaded it and delegated it to this unelected and inexperienced – at least as far as the car business is concerned – automobile task force.”
Ohio Ping

“For a bunch of folks who say they don’t want to be in the day-to-day operation and don’t want to manage the old Chrysler and the new Chrysler into bankruptcy, they sure seem to be doing that – telling them how much they can spend on advertising, rejecting opportunities to avoid bankruptcy for both Chrysler and GM,” he said.

[Sir Gawain]

It’s about time someone does something besides asking nicely. GOP cowards.

[EGPWS]

A bipartisan coalition of 36 members of the House of Representatives--including 30 Republicans and 6 Democrats--has sent a letter to President Obama asking him to return to Congress its constitutional legislative authority to oversee the bailout of the auto industry.

Yeah, I'm sure the administration will get right on it yesterday.

[getmeouttaPalmBeachCounty_FL]

Up in the title, what does AMR mean?

[12Gauge687]

As if things will be better under their guidance. /sarc

[yoe]

fascism:

often capitalized : a political philosophy, movement, or regime (as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition:

a tendency toward or actual exercise of strong autocratic or dictatorial control

[hoosiermama]

The White House is defending the work of the President’s Auto Task Force and is insisting that the president has not seized unconstitutional authority over the matter

So who is going to file charges to question the constitutionality of the seizure?

[This_far]

“Now the president has off-loaded it and delegated it to this unelected and inexperienced – at least as far as the car business is concerned – automobile task force.”

But it’s OK when they’re voting for ya, ain’t it ya fricken .....................

[freekitty]

Yep, and hey guys what you are doing is illegal. I wish the corporations would stand up and fight.

[yoe]

....too many words in the original title so I used (AMR)...short for a must read.

[EGPWS]

As if things will be better under their guidance. /sarc

The same but not as liberal.

What a mess Washington is anymore.

[hoosiermama]

Who's is going to challenge the constitutionality of this?

[IrishPennant]

The actions by Zer0 are unconstitutional and should result in Opeachment NOW!

[IrishPennant]

Who's is going to challenge the constitutionality of this?

I guess therein lies the question!

[boxerblues]

I have been writing LaTourette’s office regularly on this subject.

He is one of very few in Congress who are actually speaking up and questioning O's authority

[M203M4]

Hmmm ... a fight over which branch of government gets to exercise usurped power. Color me underwhelmed.

Ditto. Culture of compromise.

[yoe]

Your home page says it all:

We didn’t just fight the British. We were British subjects at that time and we fought our own government!

Some of us take these liberties so much for granted.....we shouldn’t.

We The People can demand of our elected to stop this President from further plunging the dollar into oblivion and put a halt on his powers for three months until what he has done can be straightened out....I might add that his tax cheat 'running the treasury' be put under house arrest.

[getmeouttaPalmBeachCounty_FL]

Thanks.