Hillary lied, Bernie did support the auto bailout

[jfern]

https://twitter.com/BernieSanders/status/706655455930621952

[awake]

1. Hillary lied? no she has never done that has she?

[metroins]

2. How did he vote? Nt

[metroins]

11. Shows

On the one that passed, and helped the industry (TARP), he voted Nay.

http://www.politico.com/story/2008/10/the-senate-bailout-vote-014196

The specific auto one that DIDN'T pass, he voted Yay.

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00215

The OP of this thread is about the bill that never was passed, but TARP was used to keep the industry afloat.

[Lizzie Poppet]

3. I can't believe that Hillary would lie...

...said no one, ever.

[AzDar]

4. She's a fucking LIAR.

[djean111]

5. It is getting so that we could just pin "Hillary Lied".........n/t

[madokie]

6. Of course she did

lying is not a problem for her, haven't you noticed?

[Depaysement]

7. It's true - Hillary lied again

Bernie opposed TARP, the Wall Street bailout program, but he voted for the auto bailout.

[metroins]

15. TARP was the bill

That kept the auto industry afloat.

[Ken Burch]

19. TARP wasn't the only way to do that, though. n/t.

[dreamnightwind]

20. Exactly right

[metroins]

21. Hey, I agree, but it was the one

That actually did it.

Rehashing what could've happened and what did happen 8 years ago isn't something I personally want to get into.

[Ken Burch]

22. It proves Bernie did NOT vote against saving the auto industry.

It's enough that he voted for the other bill.

[metroins]

24. Wel

We could argue about it, but I think we both know where we stand at and could both argue the point.

[Depaysement]

25. Iirc

The money came from TARP.

Sanders and Clinton both voted for cloture, to limit debate on the bill. That vote failed. That's hardly failing to vote for the bailout.

[PatrickforO]

8. Yeah I can't imagine Bernie not supporting that.

[intrepidity]

9. Why didn't he say that at the time?

His response to her claim was to go into the Wall Street bailout. Why didn't he correct her?

[metroins]

16. They were the same bill

TARP bailed out Wall St and kept the auto industry from failing.

[intrepidity]

18. I figured as much

If he was supportive of the auto bailout portion, but couldn't vote that way because of the much larger Wall St portion, then he should have emphasized that so it was clear. imho

[Enrique]

10. he wasn't ready for the attack

she didn't lie, imo, he voted against releasing TARP funds. If he had been prepared he could have pointed out that he supported the auto bailout but opposed the bank bailout. He did that just now with the crime bill, but he blew it imho on the TARP vote.

[pangaia]

26. Agreed. I wonder what happened there..

[oldandhappy]

12. Clinton lied?! Even my cat is laughing!

[itsrobert]

13. He voted against it

FACT!

[BlueStateLib]

14. Sen. Clinton voted yes. Sen. Sanders voted no

The $82 billion that helped finance the bankruptcy of General Motors, Chrysler, their finance subsidiaries -- GMAC and Chrysler Financial -- and a handful of large suppliers were part of a much larger Troubled Asset Relief Program (TARP) that covered more than $700 billion that went to bailout the largest banks, and AIG, the insurance giant that has issued credit default swaps that came due when the banks could not cover their losses on mortgage-backed securities.

In short, a Senator or congressman could not vote to rescue GM and Chrysler without voting to provide the money to keep the nation's largest investment banks from failing.

Sen. Clinton voted yes. Sen. Sanders voted no.
http://www.freep.com/story/money/cars/general-motors/2016/03/06/explaining-hillary-clintons-bernie-sanders-votes-auto-bailout/81419564/

[itsrobert]

17. Fact!

thank you

[Ken Burch]

23. TARP was not the only way to help the auto industry.

It was morally discredited by the bank bailout.

[monicaangela]

30. And here ^^We have it!

Thank you BlueStatLib!

[mhatrw]

32. Sanders voted yes when in 2008 the bailout was JUST for the auto industry.

He voted no when it was rolled into a HUGE Wall Street giveaway. As he should have.

[nadinbrzezinski]

28. MSNBC talking heads are worthless

[monicaangela]

29. The question regarding Flint was insignificant

The auto bailout did not help flint to any great extent.

After World War II, Flint remained an auto industry powerhouse along with much of the state. General Motors had a big plant there and auto assembly lines drove the area's growth, experts say.

But in recent decades, Flint's manufacturing sector has been gutted. Consider this: 20 years ago, there were 46,000 manufacturing workers in Flint, mostly driven by its once booming auto industry.

Today there are a mere 12,400 workers in manufacturing in Flint.

"The loss of auto industry employment -- that's a big Michigan story, but nowhere is it bigger than in Flint," says Ballard. Looking forward: "The challenges are profound."

http://money.cnn.com/2016/03/06/news/economy/flint-economy-democratic-debate/index.html

[fun n serious]

31. NO!! Bernie is LYING NOW..

Sanders NAY

http://www.politico.com/story/2008/10/the-senate-bailout-vote-014196

[jfern]

33. That was TARP, not the auto bailout

Are you going to tell me that Senator Stabenow (D-MI) voted against the auto bailout? LOL!