Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Breaking: Treasury says prepared to act to protect auto industry...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:14 AM
Original message
Breaking: Treasury says prepared to act to protect auto industry...
...until congress reconvenes.

No link. Just heard on BBC.
Printer Friendly | Permalink |  | Top
Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:16 AM
Response to Original message
1. So in the end Pelosi is going to get what she wanted?
Printer Friendly | Permalink |  | Top
 
Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:18 AM
Response to Reply #1
6. Just because Pelosi wants it doesn't necessarily make it wrong.
Although the fact that Ben Stein is in favor of a bail-out for The Big 3 makes me less sure of my position in favor of it.
Printer Friendly | Permalink |  | Top
 
Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:22 AM
Response to Reply #6
11. I don't think she is wrong. I think its a positive that Bush is forced to
use the TARP which is what the Democratic Leadership wanted anyway
Printer Friendly | Permalink |  | Top
 
LostinVA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:16 AM
Response to Original message
2. That SHOULD shore up the markets
Printer Friendly | Permalink |  | Top
 
annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:16 AM
Response to Original message
3. You mean they MIGHT get some of that goddam 700 Billion?
This should be interesting
Printer Friendly | Permalink |  | Top
 
Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:17 AM
Response to Reply #3
5. I didn't get the exact quote.
The upshot seemed to be that they would be willing to support the auto companies in the short term until Congress gets around to passing new legislation.
Printer Friendly | Permalink |  | Top
 
spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:16 AM
Response to Original message
4. even bu$h* doesn't want the big 3 collapse on his legacy shit list
Printer Friendly | Permalink |  | Top
 
Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:20 AM
Response to Reply #4
7. Somehow W saves the day.
Printer Friendly | Permalink |  | Top
 
BadgerKid Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:43 AM
Response to Reply #4
18. Also they can't afford even more people voting in their own interests. n/t
Printer Friendly | Permalink |  | Top
 
HamdenRice Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:21 AM
Response to Original message
8. I sure hope so. nt
Printer Friendly | Permalink |  | Top
 
OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:21 AM
Response to Original message
9. Bush is not going to let his legacy --failure of MFG Base.
Reid , Baucus, Lincoln and Tester--that egg is permanently
affixed to your face.

The GOP rescues Auto Mfg. Democrats let it fail. Don"t you
love that headline.

Can we get some Democrats who can play ball as well as GOP>>
Printer Friendly | Permalink |  | Top
 
Orsino Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:25 AM
Response to Reply #9
16. (just the failure of everything else not as easily quantifiable) n/t
Printer Friendly | Permalink |  | Top
 
karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:28 AM
Response to Reply #9
17. Why not add the whole list of Republican nos? Reid's no was procedural - so he could re-open it
if there were a chance of passing - which would have needed 8 more votes - so 3 no votes would have to turn (Reid was FOR it)
Printer Friendly | Permalink |  | Top
 
JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:22 AM
Response to Original message
10. It could be rumor floated just to stop the panic at the stock exchange
Printer Friendly | Permalink |  | Top
 
Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:23 AM
Response to Reply #10
12. There's gonna be a much bigger panic if they actually go bankrupt. n/t
Printer Friendly | Permalink |  | Top
 
JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:24 AM
Response to Reply #12
13. Perhaps. Knowing the perverse nature of Wall Street though where layoffs cause rallies...
I wouldn't bet on it
Printer Friendly | Permalink |  | Top
 
PATRICK Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:25 AM
Response to Reply #10
15. Bingo
It weould be easy to ACTUALLY give the money. They obviously don't want to do it at least while Bush/Cheney are in Hoover mode..
Printer Friendly | Permalink |  | Top
 
annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 10:24 AM
Response to Original message
14. found a link
http://www.forextv.com/Forex/News/ShowStory.jsp?seq=186042&category=Market+Updates,Day+Ahead,Top+News
Printer Friendly | Permalink |  | Top
 
OHdem10 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 11:03 AM
Response to Original message
19. It was reported last night on Fox. Bush will not let Big 3 Failure
be his legacy. Krautheimer spelled it out explicitly.
Printer Friendly | Permalink |  | Top
 
democrattotheend Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 12:19 PM
Response to Reply #19
21. I had a feeling that would be the case
As much as I dislike Bush, I can't imagine any American president would want the failure of General Motors to happen on his watch, especially not in his last month in office. But I'm holding my breath until it actually happens.
Printer Friendly | Permalink |  | Top
 
Veritas_et_Aequitas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 11:35 AM
Response to Original message
20. As I asked elsewhere, what's the horrifying, Faustian catch?
Printer Friendly | Permalink |  | Top
 
UTUSN Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-08 12:24 PM
Response to Original message
22. Good. This will SEAL the last 20% of doom for Shrub. Notice
that it is Shrub's 20 percenters that are against the deal I'm talking about.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Mon Apr 29th 2024, 10:45 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC