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| Business, Energy and the Economy News and issues on business, trade, taxes, the economy, the stock market, technology, political, governmental and world policies on these topics. |
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11-10-2008, 07:45 AM
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Mob Boss
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Join Date: Apr 2002
Posts: 69,639
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Dem leaders want Bush to help ailing automakers
By DEB RIECHMANN
Associated Press
November 11, 2008
WASHINGTON (AP) -- Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs.
House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout to include car companies.
"A healthy automobile manufacturing sector is essential to the restoration of financial market stability, the overall health of our economy, and the livelihood of the automobile sector's work force," they wrote. "The economic downturn and the crisis in our financial markets further imperiled our domestic automobile industry and its work force."
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11-10-2008, 10:36 AM
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Ambassador
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Join Date: Apr 2004
Location: Northern Illinois
Posts: 3,155
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Re: Dem leaders want Bush to help ailing automakers
If Pres. Bush has any cajones, he'll put off bailing out not the auto companies but the labor unions.
Then, let the dumbdems take the hit. This is nothing more than a future "bash Bush" ploy on the part of Botox and Dingy - "gee, we did our part, look at what the Bush administration saddled the voters with."
L&L
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11-10-2008, 11:27 AM
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Ambassador
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Join Date: May 2006
Location: Kansas
Posts: 4,270
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Re: Dem leaders want Bush to help ailing automakers
There's a great example of the "change" being thrown around already.
And they think the previous administration was such a big spender!
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DHS
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11-10-2008, 11:34 AM
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Ambassador
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Join Date: Sep 2004
Location: Richardson, Texas
Posts: 7,879
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Re: Dem leaders want Bush to help ailing automakers
Quote:
"We must safeguard the interests of American taxpayers, protect the hundreds of thousands of automobile workers and retirees, stop the erosion of our manufacturing base, and bolster our economy," Pelosi and Reid wrote.
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Yes, we must safeguard the interests of American taxpayers. And, the way you do this is by letting these automakers "swim or sink!"
They have squandered their profits and deserve no bailout. As far as the workers and retirees: Too bad!
If I lose my retirement, the government is not going to help me...so why should the government help a select few?
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O B A M A
One Big  Mistake America!
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11-10-2008, 11:50 AM
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Ambassador
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Join Date: Jan 2007
Location: Southern California
Posts: 1,713
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Re: Dem leaders want Bush to help ailing automakers
If we get cheap alternative energy or drill anywhere for oil or both, and the auto makers go along with it, then the people will buy cars maufactured locally.
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11-10-2008, 04:15 PM
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Statesman
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Join Date: Jun 2006
Location: Indy Area
Posts: 553
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Re: Dem leaders want Bush to help ailing automakers
Get rid of those STUPID CAFE standards.
__________________
"A person stands on principle, even if that
person has to stand alone".
"History does not long entrust the care of freedom to the weak or the timid."
Gen Dwight D Eisenhower
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11-10-2008, 07:50 PM
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Ambassador
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Join Date: Apr 2007
Location: Southwest OHIO
Posts: 7,792
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Re: Dem leaders want Bush to help ailing automakers
The Democrat Party does not want to take "RESPONSIBILITY" for anything.
A "blind man" can see it.
__________________
"Change your thoughts, change your world" - Norman Vincent Peale.
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11-10-2008, 08:08 PM
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Astroturf Activist Granny
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Join Date: Aug 2004
Location: Ft. Walton Beach, FL
Posts: 4,420
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Re: Dem leaders want Bush to help ailing automakers
Let the Democrats dig their own grave. Leave it to them to fix it all.
__________________
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome becomes bankrupt. People must again learn to work, instead of living on public assistance." ~ Cicero , 55 BC ~
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11-11-2008, 12:21 PM
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Ambassador
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Join Date: Dec 2007
Location: next to the Big Horns
Posts: 1,454
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Re: Dem leaders want Bush to help ailing automakers
Put a hold on the auto bailout and let BO deal with it.
Forbes said on Fox today the the auto makers could make money if they moved out of the US.
Why bail out the labor unions?
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11-11-2008, 12:28 PM
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Ambassador
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Join Date: Apr 2004
Posts: 2,956
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Re: Dem leaders want Bush to help ailing automakers
This sounds like another good cause to use our GOPUSA Activist feature for. Time to e-mail the President again.
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http://www.justanotherameri canpatriot.blogspot. com/
"These are the times that try men’s souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands it now, deserves the love and thanks of man and woman.” ~ Thomas Paine 
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