The Trail: A Daily Diary of Campaign 2008


The Rundown

Gridlock for the Auto Bailout; Trouble for 'Candidate 5'

By Ben Pershing
On top of all the ills currently plaguing Detroit and the auto industry, you can add bad political timing, as the bailout is percolating through the system just as congressional Republicans a) feel that they owe President Bush nothing, and b) desperately want to distinguish themselves from the ruling Democrats.

The result is c) gridlock, as the bailout package cleared the House comfortably last night but faces a much rockier road in the Senate. Maybe this is just standard practice, as Congress often appears hopelessly stuck right before a breakthough allows them to go home for the holidays. But the auto bailout does seem to be different, as Republicans are still smarting from the housing rescue bill, which turned out not really to be about housing and which many in the GOP suspect helped lead to their disastrous showing on Election Day.

So the votes for passage may not be there in the Senate. Mitch McConnell, who often "leads" by being noncommittal on major issues, is again playing coy, and Democrats barely have a majority in the chamber as the current math stands.

Continue reading at Political Browser»

Posted at 10:20 AM ET on Dec 11, 2008  | Category:  The Rundown
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Whatever else, (forget the blame game,) the Detroit three MUST get their costs down to a fairly competitive level. Nothing perswonal, no excuses, just simple arithmetic.

Posted by: balataf | December 11, 2008 4:05 PM

A loan is a lot different than a "bailout" if the Republicans want to play the filibuster card because they think it's not enough tough love for the auto industry then let them come up with a better idea.

I haven't seen any counter-proposals from the GOP so if they kill it let their legacy be that of obstructionism and ruining the entire American economy sending us rocketing into an even worse situation than the Great Depression.

American livelihoods are at stake so let's not play politics.

Posted by: JRM2 | December 11, 2008 3:19 PM

Tell Congress what you think:

Nancy Pelosi, with the help of Barney Frank, wants to bail out yet another failed sector of the economy. It is not government’s role to reward incompetent, overpaid executives pursuing a failed and anachronistic business model. The American auto industry is in trouble because it produces a shoddy, polluting, gas guzzling product at noncompetitive prices driven by trade union benefit packages. It is a waste of taxpayer money to try to shore up an industry that needs to be radically restructured. The Big Three should be allowed to fail and file for reorganization under Chapter 11 of the Bankruptcy Code. They will not cease to exist, but will be restructured under the supervision of the bankruptcy courts. Congress cannot do a better job than the courts. The courts will supervise the reorganization of the industry without being tempted to reward lobbyists, campaign contributors and unions for their political and financial support.
Congress must allow the economy, existing laws and judicial bodies to resolve the Big Three’s financial problems and not throw more taxpayer money away under a hasty and ill conceived bailout.

Posted by: Holly201 | December 11, 2008 2:02 PM

Caddidate #5, aka Congressman Jesse Jackson Jr. (D-Budweiser) should inform the public who met with Governor Rod Blagojevich (D-Dead Meat) on October 31, 2008 and pushed for him to be named to the soon to be open Senate seat.

Some in Illinois believe it was his father, Reverend Jesse Jackson Sr.

The monikers mentioned were initally penned by John Kass of the Chicago Tribune.

Regarding the same story, a must read is a column by John Fund on the editorial pages of today's Wall Street Journal. It lays out the relationship between the sleezy politicians in Illinois and Barack Obama. It also raises the question why the MSM ignored these relationships during the campaign.

Posted by: mwhoke | December 11, 2008 10:41 AM

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