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  • Conservatives Could Hold the Stop Sign on Auto Bailout

    From the front page of the NY Times:

    The prospects of a government rescue for the foundering American automakers dwindled Thursday as Democratic Congressional leaders conceded that they would face potentially insurmountable Republican opposition during a lame-duck session next week. “

    The 60 votes necessary to pass the bill in the Senate could be difficult to acquire as Democrats currently control 51 seats, but President-elect Barack Obama will resign from the Senate on Sunday. Moreover, it is unlikely Senator Biden will attend the lame duck session that begins next week.

    Adding that all up, it will take at least 11 Republican Senators to pass any auto bailout legislation during the lame duck. Senator Richard Shelby of Alabama remarked,

    “The financial straits that the Big Three find themselves in is not the product of our current economic downturn, but instead is the legacy of the uncompetitive structure of its manufacturing and labor force.”

    Let’s hope his Republican colleagues feel the same way.

    Posted in Economics [slideshow_deploy]

    4 Responses to Conservatives Could Hold the Stop Sign on Auto Bailout

    1. Pingback: » Republicans Could Hold the Stop Sign on Auto Bailout » The Foundry

    2. Pingback: Conservatives Could Hold the Stop Sign on Auto Bailout - Jason’s Blog

    3. Pingback: Conservatives Could Hold the Stop Sign on Auto Bailout « Conservative Thoughts and Profundity

    4. OLD NAVY-Ohio says:

      When you make a deal with the Devil,payback is ongoing. Obama and his cronies like, Pelosi,Ried, and Frank, must adhere too the whims of the extreme left and the auto industries UAW. Paying employees not too work fits right into the socialist agenda. I'm wondering if there is enough in the bailout, too provide all employees with the same uniforms,(Dark Green With Red Stars on the lapels?)

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