[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?

[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?

[IrishPennant]

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

[Recovering_Democrat]

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.

Ask??? Ask???!

HUSSEIN IS NOT A DICTATOR. TAKE THE AUTHORITY BACK.

Man, quit treating this PUNK like he is GOD. He isn't. He is a community organizer who has been given a free pass by the Congress, the media, the Republican party, and a radical portion of the population.

Time to grow some balls, Congress. Learn the Constitution and apply it.

Rush Limbaugh, the Cheney family, Free Republic and a few bloggers seem to be the only ones who seem to realize Hussein ain't God's gift to the world.

[M. Dodge Thomas]

I’m sure these guys would like to defend jobs for their constituents, but in an industry with massive overcapacity a lot of people are going to get hurt in the process of rationalizing production and distribution, and likely the result of log-rolling and pork-barrel politics if Congress was making in these decisions would be about twice as bad and become effective about two years later than the current process ... think about what it took to finally close a handful of military bases.

[Gee Wally]

“These are decisions that are made by companies about what it is they believe is the best path toward renewed viability for their company,” Gibbs told reporters Wednesday. “If it weren’t for the task force on autos, and if it weren’t for the president's intervention, a hundred percent of those dealerships would be gone, a hundred percent of those plants would be closed.”

Of course this is a lie by Gibbs. We have bankruptcy laws to prevent the very thing Gibbs says would have happened. The purpose of Chapter 11 bankruptcy is to give a business some breathing room so it can reorganize and return to viability. The restructuring would have - and should have - taken place within the Chapter 11 framework without the intervention of the executive branch (or, for that matter, of any branch of government).