Posts Tagged ‘Auto Bailout’

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Raising the clenched fist salute from Truthdig, on Unions, HERE.

I Own My Vote, PUMA, The Denver Group, The New Agenda

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Bush to the rescue?

US Financial Bailout Money May Go to Automakers

By Kent Klein


12 December 2008

The Bush administration says it will consider using money from the $700 billion Wall Street rescue fund to prevent the U.S. auto industry from collapsing. After carmaker bailout talks broke down in the Senate, news of possible White House intervention seemed to calm financial markets on Friday. 

U.S. President George Bush has long opposed dipping into the financial bailout package approved earlier this year to keep Detroit’s “Big Three’ car companies afloat.


For more on the subject go to SavagePolitics.


Take a look at the roll call vote HERE.  12 senators just couldn’t make it! Tired? Too late at night? Got snowed in?

To see the House vote go HERE.

Politico.com Breaking News:

The Senate has rejected the auto industry bailout. The vote was 52-35 but 60 votes were required to move forward.


I Own My Vote, PUMA, The Denver Group, Just Say No Deal

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