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$14 Billion Auto Bailout Plan Headed Toward Death in Senate (Right Link)
Fox News ^ | December 11, 2008 | Chad Pergram and Trish Turner

Posted on 12/11/2008 8:49:46 AM PST by re_tail20

DEVELOPING: The Senate's top democrat along with the White House made their final pleas for the $14-billion auto bailout bill even as some predicted the hard-fought legislation would be crushed by Senate Republicans by the end of the week.

"We have danced this tune long enough," Senate Majority Leader Harry Reid declared at midmorning. He said he hoped for separate votes Thursday on compromise legislation backed by Democratic leaders and the White House, and a Republican version.

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


TOPICS: Government
KEYWORDS: auto
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1 posted on 12/11/2008 8:49:46 AM PST by re_tail20
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To: re_tail20

Thank you Richard Shelby!


2 posted on 12/11/2008 8:51:57 AM PST by St. Louis Conservative
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To: re_tail20

GO COBURN!!!


3 posted on 12/11/2008 8:52:31 AM PST by housewife101
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To: re_tail20

I live in Michigan and have all my life.

My father, both grandfathers and father-in-law are all worked for and retired from auto companies. My dad draws a GM pension and my FIL one from Chrysler.

I am GLAD Shelby and other Republicans — TRUE Republicans — are putting a stop to this sick bill. It’s nothing more than a band-aid on a decapitation. There’s no way US auto companies can compete with the death grip the UAW and other unions have on them. A chance for future workers and the industry later down the line is better than no chance at all, and this “bridge loan” just prolonges the agony.


4 posted on 12/11/2008 8:53:16 AM PST by Kieri (The Conservatrarian)
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To: re_tail20

I noticed at the end of the article that the bill included a pay raise for federal judges

It’s amazing that in Congressional bills that you can attach anything to anything. At least in some State Legislatures you’re prohibited from doing this


5 posted on 12/11/2008 8:54:11 AM PST by re_tail20
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To: re_tail20

COBURN: In 2007, GM sold 9.37 million cars worldwide. Toyota, that same year, sold 9.37 million cars worldwide. GM lost 38.7 billion. Toyota made 17.7 billion. Therein lies the problem.


6 posted on 12/11/2008 8:54:51 AM PST by housewife101
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To: St. Louis Conservative
Thank you Richard Shelby!

Seconded! Screw the UAW, the vile corrupt Democrat party, and our completely worthless President.

Unfortunately, it's obvious this is going to happen first thing in late January, but at least the Republicans won't have any of the stink on their hands.

7 posted on 12/11/2008 8:55:07 AM PST by jpl (Does anybody have seven hundred billion dollars I can borrow?)
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To: Kieri

I’m with W on this one. Let 0be take the blame. Give them enough to get to Jan 21, 2009.


8 posted on 12/11/2008 8:56:04 AM PST by Paladin2 (No, pundits strongly believe that the proper solution is more dilution.)
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To: Kieri
A chance for future workers and the industry later down the line is better than no chance at all, and this “bridge loan” just prolonges the agony.

Democrat answer for a bleeding head wound: Apply a tourniquet around the neck.

9 posted on 12/11/2008 8:56:21 AM PST by N. Theknow (Kennedys: Can't fly, can't ski, can't drive, can't skipper a boat. But they know what's best.)
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To: Kieri

Ditto. Nearly everyone in my family has been or is currently employed by the auto industry. They all say the only way to save it is to let it fail.

I dropped a line to Lugar last night but didn’t even bother with Bayh. </disgust>


10 posted on 12/11/2008 8:56:23 AM PST by nodumbblonde (Apologies: Due to the coming economic crisis, I've had to let my tagline go.)
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To: re_tail20

I think I’ve seen this episode before. The bill will have extremely minor adjustments added to save the taxpayer $12 over the next 100 years, the GOP will then declare it satisfactory, and it will pass. When the utter failure of these market-distorting machinations is realized, a few revisionists will point to the round 1 failure as the best that could be mustered, with the refrain, “at least we tried.”

This is theater.


11 posted on 12/11/2008 8:57:37 AM PST by M203M4 (Bill Kristol: Piltdown conservative)
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To: Kieri
My dad draws a GM pension and my FIL one from Chrysler.

What are their views on all of this?
12 posted on 12/11/2008 8:57:52 AM PST by McKayopectate
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To: Kieri
$14 billion to reorganize ?
Another $14 billion to do accounting ?
13 posted on 12/11/2008 8:58:31 AM PST by Eric in the Ozarks
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To: McKayopectate

have anyone compiled the republicans in congress who voted for the $350b bailout and this one. Those republicans need to get kicked out


14 posted on 12/11/2008 8:59:17 AM PST by 4rcane
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To: housewife101
That's the clearest comparison I've ever heard.
15 posted on 12/11/2008 9:00:13 AM PST by mefistofelerevised
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To: 4rcane

i hope thad mccotter didn’t vote for this. He was one of the shining stars in the $350b bailout but i’ve seen him voicing his support for the car bailout recently. This is bad


16 posted on 12/11/2008 9:00:45 AM PST by 4rcane
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To: McKayopectate

My FIL is quite elderly and has dementia/Alzheimers, so I haven’t “spoken” to him in a long time.

My parents are worried. The loss of my dad’s pension would be incredibly hard on them, especially since there’s no way they can sell their house even though their mortgage is tiny. He really doesn’t like to talk about it and is taking a “wait and see” approach.

My family isn’t big on the unions and their support of Democrats. They feel helpless right now.


17 posted on 12/11/2008 9:00:50 AM PST by Kieri (The Conservatrarian)
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Comment #18 Removed by Moderator

Comment #19 Removed by Moderator

To: re_tail20

“the hard-fought legislation would be crushed by Senate Republicans by the end of the week.”

How is it possible for the minority party to be so all powerful?


20 posted on 12/11/2008 9:05:00 AM PST by CSM (IÂ’m jubilant! Now that the Dems are completely in charge, we can FINALLY blame THEM for everything!)
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