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December 12, 2008
GOOD! Republicans Grow Spine ~ $14B "UNION" Auto Bailout Dies In Senate
The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.
A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.
The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.
"We were about three words away from a deal," said Sen. Bob Corker of Tennessee, the GOP's point man in the negotiations, referring to any date in 2009 on which the UAW would accept wage cuts.
Majority Leader Harry Reid said he hoped President George W. Bush would tap the $700 billion Wall Street bailout fund for emergency aid to the automakers. General Motors Corp. and Chrysler LLC have said they could be weeks from collapse. Ford Motor Co. says it does not need federal help now, but its survival is far from certain.
Reid called the bill's collapse "a loss for the country," adding: "I dread looking at Wall Street tomorrow. It's not going to be a pleasant sight."
Democratic House Speaker Nancy Pelosi called Senate Republicans' refusal to support the White House-negotiated bill irresponsible and also urged the Bush administration and the Federal Reserve to provide short-term relief for the automakers. "That is the only viable option available at this time," she said.
Congressional Republicans were already in open revolt against Bush over an auto bailout deal the White House negotiated with congressional Democrats, passed by the House passed on Wednesday.
The developments unfolded after Senate Republican leader Mitch McConnell of Kentucky joined other GOP lawmakers in announcing his opposition to the White House-backed rescue bill passed by the House on Wednesday.
Republicans also bitterly opposed tougher environmental rules carmakers would have to meet as part of the House-passed version of the rescue package and the Senate dropped them from its package.
Some Senate Democrats joined Republicans in turning against the House-passed bill — despite increasingly urgent expressions of support from the White House and President-elect Barack Obama for quick action to spare the economy the added pain of a potential automaker collapse.
FROM: Senate Auto Bailout Fails- CSPAN 2 Live ( with my notes)
Dodd explaining that this is a complex issue. Dodd is going nuts! He is ranting! Saying he feels bad for the people that won’t have jobs, and won’t be able to provide for their families over the holiday season yada yada, this guy is the PROBLEM!
Hey DODD! I am not praying for the demise of the livelihoods of fellow Americans, we keep bailing out banks and companies we will all lose our livelihoods.
Harry Reid speaking now, says he is so sorry they could not reach a conclusion, crying about how hard everyone worked. LOL Harry never worked!
When all of this started..didn’t the UAW thugs say they weren’t willing to make any concessions...
bwahhahahahahahaha
Chris Dodd and Barney Frank and Chick Schumer, they are the reason the Grinch stole Detroit’s Christmas.
Senator Jim DeMint on the Auto Bailout
Thank God for Sen. DeMint of South Carolina. He is probably the most consistent and outspoken of the opponents of this looting on the hill now. I loved his remark earlier about how people will be rioting in the streets if they DO approve this bailout. About time the Rs learned how the propaganda game is played.
The bailout bill is now dead in the Senate. Thank you respined GOP!
Posted by Wild Thing at December 12, 2008 05:50 AM
Comments
If Nancy Pelosi had brains, she might actually be dangerous. Just like the last time, she's blaming Republicans for the failure of the bailout. Doesn't this rocket scientist from San Francisco realize that her and her Democrats control Congress?
Posted by: BobF at December 12, 2008 07:15 AM
The dems got us into this mess (something the media refuses to actually say out loud) and now they're supposed to get us out? LOL!
Send the fox to guard the chickens. Such a grand idea!
Thank goodness there are a few R's who get it that their jobs are on the line.
Posted by: yankeemom at December 12, 2008 08:20 AM
This is good news. Senator DeMint stated the case perfectly. It is a UAW caused problem and Congress has no business bailing them out. As the Senator said, Congress cannot even run it's own business properly and should not turn this into a political problem.
The Dems would make it worse by using taxpayer money to pay off incompetent management and union thugs and then pile regulation after regulation on top of the auto makers. The companies would then be nationalized and even less competative.
This is like the immigration amnesty attempt. The majority of Americans opposed it and it finally got through to the politicians that their cushy jobs might bee in jeapordy if they went against the voters.
Posted by: TomR at December 12, 2008 11:36 AM
This morning's news has confirmed that the crux of the problem is the - UAW. They prefer to go down to total failure rather than reorganize either voluntarily or under Chapter 11. Ah!!! But Dingy Harry and Nancy Pelosi blame all this on a few of those nasty Republicans. They just don't play in a fair and 'bipartisan' way. No roll over???
Totally unaware, Nancy lost her brains long ago from a condition known as prolapse where they fell down from the top floor all the way and slid out, Harry is just a prolapsed rectum.
Posted by: Jack at December 12, 2008 11:51 AM
General Motors had offered buyouts to all of its 74,000 U.S. hourly employees. [5] Those workers could have elected to take a lump-sum payment of $45,000 or $62,500, depending on their job description, and retire with full benefits. [6]
Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the UAW was willing to make the cuts - but not until 2011.
http://nomedals.blogspot.com
is were citations are posted
Posted by: Jason at December 12, 2008 01:05 PM
All I can say is I hope Pelosi comes down with a serious case of the clap and Harry Reids dick falls off from banging her.
Posted by: cuchieddie at December 12, 2008 03:58 PM
IMPEACH BUSH if he pulls this bonehead move.
Bush changes mind, may save auto giants
http://www.politico.com/news/stories/1208/16523.html
"Ten hours after the Senate rejected a separate lifeline for the automakers, White House press secretary Dana Perino said in a statement that it would be "irresponsible" to let the companies crash. So she said Bush will "consider other options," including the $700 billion Troubled Assets Relief Program that Congress created for the Treasury Department in October."
Posted by: Les at December 12, 2008 05:10 PM
BobF., LOL good one.
"If Nancy Pelosi had brains, she might actually be dangerous."
Posted by: Wild Thing at December 12, 2008 07:52 PM
Yankeemom, I agree, I am very grateful to these few Republicans. I wish I had a list of all their names. I would send them a thank you email.
Posted by: Wild Thing at December 12, 2008 07:54 PM
Tom, yes Senator DeMint did really good. I almost get afriad now to give kudos when it might backfire, but I want to do it one more time on this for sure. I pray they stay strong. If they only knew how much we all would back them with praises and votes if they would do the right things.
Posted by: Wild Thing at December 12, 2008 07:57 PM
Jack, thank you so much for the information.
The UAW could care less about their members as usual, it is all about politics and power so typical. And they will turn around and blame those of us that are against this and they are just another enemy of what this country is about as far as I care.
Posted by: Wild Thing at December 12, 2008 08:00 PM
Jason, I would never trust anything the UAW promised, said or even if they signed their names to it. Thank you for the link.
Posted by: Wild Thing at December 12, 2008 08:04 PM
cuchieddie, LMAO good one.
Posted by: Wild Thing at December 12, 2008 08:05 PM
Les, thank you for the link.
I wish oh how I wish Bush was a conservative it would make a night and day difference in how he thinks.
Posted by: Wild Thing at December 12, 2008 08:08 PM
