McConnell: Bailout votes aren't there
The auto industry bailout politics are a mess this morning. Senate Minority Leader Mitch McConnell said Wednesday that Republicans are not prepared to back the massive auto-bailout package being negotiated by the White House and congressional Democrats. McConnell would not allow Majority Leader Harry Reid (D-Nev.) to expedite consideration of the bill, setting up a key procedural vote Friday morning.
Talks press ahead in Congress for auto industry bailout
WASHINGTON (AFP) – Lawmakers Wednesday battled over a 15-billion-dollar bailout for the stalled US auto industry amid lingering Republican doubts that the jumpstart is more than a quick fix. A possible vote on the package in the House of Representatives could come as soon as Wednesday afternoon. Senator Carl Levin from Michigan, the base for the auto industry, said he understands that an "agreement has been reached," and that it was only a matter of time before a bill was ready for a vote...
.... Yet Senate Republican Leader Mitch McConnell said there would be no vote Wednesday.
"Let me be clear: there will be no vote on this legislation today. On a bill this critical, with so much taxpayer money at stake, we cannot rush this through without adequate review," he said in a statement, adding: "We will address this issue before the end of the week."...
Let's see if I remember correctly... the LAST bailout it was 'gee we have to do it now now now now...' can't wait... rush... rush... including Mitch McConnell. Glad he's slowing this one down, but methinks that's all he be doin' and it's simply to look strong so the bite isn't too bad when it hits at the ballot box (assuming it does, we voters suffer mightily from short memoryitis).
Now we have the benefit of hindsight to know how badly the last bailout was handled and is being handled. Now we know where we're heading as we hand over capitalism, free market and our future monies to the government.
Don't want this bailout. Didn't want the last one. Don't you feel powerless when you see the end of the world and no one is able to stop it?