So W called for a bailout for the auto industry this morning

[malaise]

http://www.whitehouse.gov/news/releases/2008/11/20081121-5.html
<snip>
My position is clear: If the automakers are willing to make the hard decisions needed to become viable, they should be able to receive the funds Congress already allotted to them for other purposes. This is a critical issue for our economy and our country. The American people expect their elected leaders to do what it takes to solve it.

Why didn't he say this to his Rethug puppets in Congress? This evil fucker plays lousy games.

add.

[godai]

1. "If the automakers are willing to make the hard decisions needed to become viable"

This is the plan that GM needs to come up with. I believe this will happen and the $25M will be approved in Decemeber. Seems that thi is all worked out. The delay is appropriate...no blank check.

[malaise]

2. W is on TV now speaking live from Peru

chatting pure undiluted shit and still promoting his trickle down crap.
He is reforming the IMF and World bank. Poor W he was given those orders by the rest of the world and those reforms will not be trickle down anything.

[doc03]

3. He did? Maybe we better rethink this

has he ever been right about anything?

[Bandit]

4. He did and Perino said this early in the week but it was Reid that canceled the vote

Dana Perino said she was sure the votes were there to pass a loan package for the auto makers and that Bush* would sign it immediately but Senator Reid canceled the vote on it and has declared the auto makers need to present a full business plan saying how they were going to become viable once more. Congress didn't ask the same of the Brokerage houses or the banks or the insurance companies before giving them billions without question. Why is that do you think. Maybe because the auto makers are unionized...:shrug:

[malaise]

6. Reid canceled the vote because

Rethugs were not going to pass it.

Now why is Bush speaking from Peru and telling the US Congress to pass his free trade acts. I thought dealing with US domestic politics overseas was a no no.

GEM$NBC has cut him off, but he's still spewing his lame fuck rubbish on CNN.

[OregonBlue]

14. No, that's not what it's about. Bush wants them to use the 25B already slated for retooling

for increased fuel efficiency. The Dems want 25B new dollars out of the TARP program instead of using money already set aside for research and development to increase MPG. The Dems also want to know how the money will be spent (not on plants in Brazil and China, not on corporate salaries, etc). Bush just wants them to give the big 3 the 25B already set aside and let them do with it as they see fit. No strings attached.

I support Reid and Pelosi 100% on this one. Bush is playing politics and trying to blame the Dems if these companies fail. There is no reason that 25B of the TARP money cannot be used. It's all political.

[KharmaTrain]

5. If He's For It, You Know The Fix Is In...

The only people this goon has ever served are his rich buddies...the "little guy" is an afterthought and then only after his buddies are taken care of.

This screwhead is just phoning it in now...totally detached and what does he care. He's like the little kid pouting in the corner cause no one wants to play with him anymore. They're gonna play politics with any auto bailout...the big goal there is to bust the unions and drain the pensions...methinks that deal has been struck. Just talk to a steelworker as to how to get sold out totally by both the government and the union.

[malaise]

7. That's the plan

I swear Bush is crazy - there are no words for this speech. It's the opposite of what's he's practiced.

[SammyWinstonJack]

10. The poo flinger in chief wants Congress to pass a free trade agreement with Colombia

in exchange for his agreement on the auto industry bail-out. That's his plan. He's an evil little pissant.

[malaise]

11. You're too kind

poo flinger is a nice euphemism for the evil that is George W Bush. In that speech in Peru he is still spewing neo-liberal bullshit. :hi:
add.

[SammyWinstonJack]

12. I also called him an evil little pissant and that is closer too what he really is.

:hi:

[rurallib]

8. so - the unions have been busted to rethug satisfaction?

[ljm2002]

9. The key phrase here is...

..."they should be able to receive the funds Congress already allotted to them for other purposes."

What he's saying is that Congress needs to take the already-allocated funds meant to help with the development of fuel-efficient automobiles, and use them for bailout purposes instead.

From Bush's (and the rest of the Republics) point of view, this is a win-win: no need to allocate new funds, and they get to kill another progressive program. Oh, and the whole situation helps with their union-busting agenda as well.

He is *not* talking about the plan to allocate a new $25 billion. He has not changed his position on that, he is still against it.

[malaise]

13. Good point

Fugg Bush - a new deal is coming.

[OregonBlue]

15. Exactly. He also wants them to give the money no strings attached.

Now we find out they are planning on spending billions on their plants in Brazil and China. They have not agreed to reduce CEO pay or bonuses, etc.

The Dems want $25B out of TARP funds, not the $25B set aside for development of fuel-efficiency research.

This is pure politics.