• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • 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?)

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.