You know, I'm not a huge fan of bailing out anything, but if Congress is okay with ask-no-questions throwing $350-$700 billion at Paulson's house of cards, shell game-playing boys in the financial industry, them I'm okay with making GM and Chrysler jump through hoops to get $14 billion.
So it angers me now that Paulson and some Republican Senators are throwing a hissy fit and blocking $14 billion to 2 of the Big 3... companies that actually manufacture and produce things the nation and world purchase. Give me a freaking break. Bailout this!
/grabs part of body consistent with ".... this!" phrase
1 comment:
What happened? Via TPM:
I don't think it'll be hard to explain why Senate Republicans had the final say: that's what the Constitution and Senate rules require. How else would we have passed anything?
I do think it'll be hard for Senate Republicans to explain themselves.
They were invited, repeatedly, to participate in more than a week of negotiations with a Republican White House. They declined.
They were asked to provide an alternative bill. They refused.
Finally, one of their members - Senator Corker of Tennessee - participated in a day-long negotiation with Senate Democrats, the UAW, and bondholders. Everyone made major concessions. Democrats gave up efficiency and emissions standards. UAW accepted major benefit cuts and agreed to reduce workers' wages. Bondholders signed off on a serious haircut. But when Senator Corker took the deal back to the Republican Conference, they argued for two hours and ultimately rejected it.
Why? Because they wanted the federal government to forcibly reduce the wages of American workers within the next 12 months.
Heard this morning that President Bush may still use TARP money to rescue the automakers. He reportedly doesn't want to end up as the next Hoover.
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Republicans... looking out for the working "joe". lol
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