Senate rejects auto bailout by David Rogers + GOP Willing to Kill the Auto Bailout and the UAW

Dandelion Salad

Updated: added video

by David Rogers
Dec. 11, 2008

A White House-backed bailout for ailing automakers collapsed in the Senate Thursday night, pushing General Motors Corp. closer to almost certain bankruptcy absent a major intervention by the Treasury Department.

The 52-35 roll call fell well short of the 60 needed to cut off debate, and appeared to doom any chance of legislative action until a new Congress convenes in January.

“We’re not going to get to the finish line,” said Majority Leader Harry Reid “I dread looking at Wall Street tomorrow (Friday). It’s not going to be a pleasant sight.”


via Senate rejects auto bailout – David Rogers –

h/t: CLG



Countdown: GOP Willing to Kill the Auto Bailout and the UAW


Keith talks to Daniel Gross about the GOP’s plan kill the deal on the auto bailout unless they can micro-manage the labor agreements and the emphasis by the Southern senators to kill off the UAW as a part of this deal.

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3 thoughts on “Senate rejects auto bailout by David Rogers + GOP Willing to Kill the Auto Bailout and the UAW

  1. Pingback: An Auto Bailout that would Work by Dale Allen Pfeiffer « Dandelion Salad

  2. Pingback: Jim Rogers Calls Most Big U.S. Banks “Bankrupt” + The Crash of 08 « Dandelion Salad

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