American people say NOOOO! to bailout; George Bush can’t hear; Update: Senate conservatives turn up the heat
Scroll down for updates…
What part of N-O doesn’t the Bush administration understand?
Two headlines this morning:
Administration says it’s still working on bailout
We will pay a heavy price for the obstinacy of a lame duck.
***
Meantime, more poor decision-making by the auto biz. Autoblog’s Michael Harley reports:
Chrysler’s “sales bank,” the loathed program in which the automaker continues to manufacture and stock cars regardless of demand, is supposedly back through the end of the year. Chrysler LLC co-President Jim Press delivered the news to dealers on Friday during a nationally telecast conference call when he mentioned that district managers will be calling dealers trying to offload 12,000 units of unassigned inventory.
Dealers left the call gasping for air, recalled the summer of 2006, when Chrysler had nearly 650,000 units in the sales bank. At the time, there was a 91-day supply of vehicles. Today, with about 400,000 units in inventory, the automaker is sitting on a 117-day supply.
***
Louder!
White House switchboard: 202.456.1414.
***
Update 4:20pm Eastern. Our Senate GOP mavericks have sent a letter to President Bush opposing the TARP-to-UAW bailout:
December 16, 2008
Dear Mr. President,
We are writing to urge you not to use Troubled Asset Relief Program (TARP) funds to bail out the automobile industry. Last week, the Senate rejected a legislative bailout after the United Auto Workers (UAW) union refused to agree to changes necessary to help the Big Three automakers become competitive. According to news accounts, your Administration is considering providing TARP funds to the automakers without requiring the UAW and the automakers to make sufficient reforms. Absent such restructuring, we do not believe any amount of money will succeed in saving these companies.
Sincerely,
Jim DeMint
Jeff Sessions
John Ensign
Tom Coburn
John Cornyn
Michael Enzi
Saxby Chambliss
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Trackbacks
- southchild » Blog Archive » The “Big 3″ Boycott Pledge
- I have no credibility… « JoHNBRoDiGaNDoTCoM
- ButAsForMe! » American people say NOOOO! to bailout; George Bush can’t hear
- The Other McCain: Whatever Bob Shrum says . . .
- Governor Sanford’s Stance Aganist Nationalization « Trust, But Verify
- Cornyn, Senate GOP-ers Turn up the Heat at the White House « Memoirs From a Young Conservative
Comments
You must be logged in to post a comment.
Categories: Subprime crisis
Power Line
» More From the East Anglia Archives
American Thinker
» Sarah Palin and the low ebb of the cultural leftRedstate
» Morning Briefing for November 24, 2009Doug Ross @ Journal
» ACORN pwnage part II: Breitbart's BigGovt Lowers the BoomBig Government
» BREAKING: San Diego ACORN Document Dump ScandalVillainous Company
» Amateur Hour in the Oval Office Continues....Nice Deb
» O
Not according to the UN.
Weary Citizen – Bill still believes that McLame was a Conservative!!
Please, get off your high horse. I love how uninvolved civilians who know jack about the military can suddenly make pronouncements about an “unnecessary” war like they read it off a fortune cookie. What would you have done in Pres. Bush’s shoes? With the information that he had? It is always easy to prounounce something as a “failure” when you’ve never even been involved in the decision-making. It’s nice to know that because of liberals, we know the difference between success and failure.
Why are are we in Kosovo? You know, the war that Madame Secretary Albright decided to involve the US in? Why do we have an Africa Command? How ’bout Korea? Germany? Do you even understand what’s going on in the military? Or do you just get your information from a media (and a society) that continues to look down on the military?
I think you (and others who look unfavorably on the Iraq War) owe more to people like my husband, Terrig’s husband, and other military members than that level of disrespect. Americans sit in their cushy foreclosed homes, bemoaning how they can’t get the newest IPhone, while people who actually give a damn about their country are fighting for it, doing something good. Your moral prism (whatever it is) doesn’t jive with the progress and sacrifice that have been made by our military. It’s now en vogue to take a crap on the military because Americans are historically absent-minded, short-sighted, and ignorant people.
People disagree with Pres. Bush just like they do with Obummer (you know the liberals who don’t like his cabinet picks). While I fault Pres. Bush for his management of the war, I don’t fault him for the tough decision he had to make in REAL TIME. I’m sure the deaths of our military members will haunt Pres. Bush forever. Will the deaths of our troops in Somalia or Kosovo haunt Clinton?
Pres. Bush has spent like a drunken sailor. I do not fault him for the military spending (except for the waste done by contractors) but I do fault him for not keeping spending in check for everything else. Pres. Bush wants to think that he can save the car companies which will stave off the inevitable. That is what people have a problem with… that he can’t practice some tough love in an era where Americans don’t know much about sacrifice, saving, or prudent spending.
In four years, he’ll look like Goldwater by comparison.
What you mean is
Marco Polo:
Knowing what we know now, I would not have supported us going in but we are IN. Don’t worry, obamas got it now however and we are just along for the ride as he screws it up.
McCain was always a slightly left of center moderate. He was simply a better choice than our future
dictatorpresident.If all American car companies went out of business/failed, then it wouldn’t harm the economy? Amazing.
Fed rate cut to .25%. The fed is clearly almost out of options. So lets print more money right?
8.5 TRILLION and the ones response, print more. Inflation is coming. Massive inflation.
I agree with sonofldy…except that that McCain IS left of center, and he only strays to the center when, like most politicians, it is politically expedient.
As far as the Pres. not hearing the public…wait until his highness, Obama takes office. His rule will be a monotonistic oligarchy, deaf to anything but threats to his organization or aparatchik, which he will deal with heavy-handedly.
rho2008 – nobody is talking about all American car companies going out of business. Where did you get that from?
As far as failing goes, they’re doing that to themselves.
rlwo2008: The point is that throwing money at them without changing the conditions that led to the problem only means that the bankruptcy is delayed and worse when it does happen. Effectively this “bailout” only adds more debt to the big 3. So the bankruptcy will be 100 billion instead of 60 billion. The compromise the uaw rejected last week was actualy bankruptcy in all but name. The sticking point? What was required from the uaw. Thats it.
Unfortunately, you are correct. But I still have to call a spade and spade and bush seems to have lost all connection with the will of the people, much less conservatives. Just hate to see what obummer will do when he gets in office. Otherwise, I would be begging bush to just take a nice vacation till the inauguration.
BTW I recommend that everyone start thier own greenhouses to grow food and seriously consider buying a hunting rifle. Yes it is looking like it is going to get that bad. The fed just cut the base rate to .25%. That means they are about out of options. We, as a nation, are now printing money to pay the bills. Every alarm in your head should be screaming at hearing that.
green house links.
we’re slouching towards Zimbabwe…
I’m just waiting to hear the trumpet and the shout…
Bush put us on a sled and obama is about to light the jato rocket straped to it.
That sure of the rapture eh?
rlow2008 must be under the impression that GM, Chrysler, and Ford are the American auto industry.
The other auto manufacturing plants in this country don’t count. Why not? Because their corporate headquarters are in another country? Because their workers aren’t union? (Some of them are.) Because too few of them vote Democrat?
there are only 2 ways out of here..and yes the rapture is going to occur, sooner or later.
Hey, I’m just waiting for the second coming of Reagan, just like everybody else. I’m just wondering how long American Idol will be off the air before people realize the civil war has begun.
I have heard 3 theories on the rapture, pre, mid, and post tribulation. Most christians are hoping for the pre I thi… this message was interupted by the rapture.
Well if the rebels do it right, it will be over before the first break. Otherwise it gets real bloody, real quick.
Better be prepared to defend that greenhouse. It’s easier to store and hide food now than hunt for the same game 300 million others are after later.
Started that 6 months ago, bit by bit. This is utah, most of that 300 million would not survive long enough to get here.
Bailout, loan., what’s in a word?
Most now admit that the credit crisis was created by forcing banks to loan money (mortgages) to people they knew couldn’t pay it back. That’s a BAD loan.
Now we’re going to “loan” money to auto companies that can’t make a profit to pay it back. Another bad loan? A bailout?
I think we might make progress here by calling it what it is, a GIVE-AWAY.
In both cases, Congress either enabled or executed the give-away. Let them put up liens on their own property, pensions and such if this is such a good idea.
Way ahead of you sonofdy.
What’s the point of calling anymore. Washington DC knows EXACTLY how we fill about bailouts. It didn’t stop the $700 billion bailout and it won’t stop the UAW bailout.
Our Senators actually stood up for us, so Bush and Paulson turn around and start figuring another way to get what they want. What on earth happened to the separation of powers? How is Paulson getting around what he openly admitted was illegal use of TARP (Taxpayers are really raped) funds?
Can’t stand it – hard to believe the country I always believed in has gone down this path. This is exactly what our founding fathers attempted to prevent.
katablog:
700 billion? You are off by a factor of 10. It is 8.5 TRILLION dollars not counting the debt to social security and other government funds. The 8.5 TRILLION has almost exclusively been printed money. Once everyone figures that one out, hold on because you aint seen nothing yet.
RE: Building cars that sit in storage because no one is buying them.
There was an article, (in the Detroit Free Press I think) that pointed out that it was cheaper to just give the auto industry the 34 Billion than it would be to pay all the unemployment costs, and the costs of bankruptcy.
Which reminded me of all those stories coming out of the old Soviet Union of empty store shelves, except for warehouses full of stuff no one wanted to buy.
So the official policy of this government seems to be keep paying the UAW to build cars no one wants because it is cheaper than fixing the problem.
I figure its easier to LOOT than it is to stockpile food.
I keep a list of all my friends that do NOT have guns…then I’m gonna pay them a little visit, with my little friend!! (scarface) and I’m gonna ask them for a cup of sugar….
see ROAD WARRIOR… I always liked the guy in the hockey mask….
That would be Lord Humongous.
yeah thats his name…the ayatollah of rock and rolla!!! the warrior of the wasteland…
I watch too many movies…
Well there is always the dogs… hot dogs for dinner!!! And then, leg of liberal.
of course my favorite part was when the kid threw the metal boomerang and it took of the spokesman’s fingers…everyone started laughing!
I was gonna say it would be a terrible society to live in…but is there a difference between the movie and real life???
you mean the ‘mystery meat’ in ’special’ fried rice!!
I don’t see many strays around chinese restaurants…just saying…
I would say that is why he was selected to run against Obama, but then that would put me down the path of a conspiracy theory
But once you cook all the grease out, there’s nothing left.
http://www.ksl.com/?nid=148&sid=5096774
Who ever is doing this seriously needs to knock it off. White powder sent to the utah national guard hq.
If getting elected is your standard of what is right, your standard of success, then I thank you for furthering my belief that the Republican party is absolutely morally bankrupt.
On December 16th, 2008 at 2:03 pm, Weary Citizen said:
Careful, such paranoia could lead you to vote for someone who believes that fire doesn’t melt steel.
Fixed.
So by saying “To be fair, Bush hasn’t been “classless, corrupt or “Chicago style” in his incompetence” that was a defense of…never mind.
Hey Weary, How well did Chuck Baldwin do in the electoral college?
Again, the quote was:”To be fair, Bush hasn’t been “classless, corrupt or “Chicago style” in his incompetence…”
I think there will be a steady stream of fellows who claim to be “The Only Man Who Can Save America” to siphon off the wide-eyed vote. So we can pretty much count you out over here at “the GOP HQ”.
Indeed. The democrats don’t seem to pay any price for their ineptness.
A bit pressed for time. I happen to think that turning the country to Obama was a bad idea. Guess I am ahead of the curve.
So, are you not working for the “GOP HQ” because you post on every thread? Or you just not working?
On December 16th, 2008 at 2:22 pm, John Deaux said:
Exactly, Exactly, Exactly…
Well I’m at least glad to see that Chambliss signed on with the Mavericks.
On December 16th, 2008 at 4:35 pm, Send_Me said:
No, Obviously “getting elected” is not my standard of “right”. It just helps a whole heck of a lot when it comes to participating in a republican democracy.
Thanks for spelling it out. Guess you mean “RINO” to be a complement then.
Great news for you! Come the end of January they wont be in power! You will have such paragons of moral virtue as Harry Reid, Nancy Pelosi and Barack Obama to protect you from us nasty Republicans.
Perceptions are perceptions. Reality is reality. A chocolate-covered mud pie may be better than dog mess, but that doesn’t mean that I’d like either one. A whole room of people may wish for one of these two, but as for me, I’ll still choose Mom’s pumpkin pie over either of those choices.
Of all the things to be obstinate about in his final days, Bush has sure picked the wrong things.
There is so much that he could be doing right now to benefit this country while at the same time be thumbing his nose at every Liberal who ever said anything about him, yet instead he is doing nothing more than becoming John McCain Light.
Before you know it, there will be a headline in one of the newspapers left printing stating, “Bush and McCain BOTH Voted For Obama, Claiming to Want Hope and Change”.
Come on…would anyone really be that surprised right now?
No. But if I go out of business/fail, then the world will end. Give me money now please.
One last memo to the uneducated. As long as the government is wandering around throwing money (read “worthless paper”) and making threats of nationalization, world markets will stay in turmoil. The US government has NEVER succeeded in solving any economic crisis. History proves it can only aggravate and prolong it. The sooner the Feds retire from the field, the better. As for the US automakers, they had thirty-five years to fix their problem and they gave the finger to the American people. Now they want to screw the American people by making us pay for their greed and incompetence. They are not “too big to fail”. Sorry, no more RVs and snowbird vacation homes for you.
Off Topic: The rare occasion that Iowahawk has his comments open.
Whoa!!! Cornyn in the house! The guy has been absolutley in a bunker since the election, won’t even allow messages in Houston or DC. Show us some love John, go more conservative this year.
Its good to see some fight in what appears to be the Senate conservatives…Chambliss is to be commended…let’s hope he stays that way.
The sad thing about the letter is that we have to fight someone who should be on our side-Bush. It is proof positive that you do not want a RINO in office-they are truly no diferent than a democrat.
On December 16th, 2008 at 5:00 pm, Send_Me said:
So, if you are definitely going to get one or the other… Never mind, you spelled out your choice: “Dog mess 08″and the self deception that you are somehow above it and it isn’t at the expense of the country. Hope that helps in choking it down.
And you accuse liberals of relativism? You seriosuly need to find a new measuring stick. Mcamnesty is a very poor choice to measure conservatives. I could also claim being slapped in the face is not as bad a being punched in the face. But truth is they both are bad, but at least some of us don’t try to convince ourselves the slap is better. I will take neither, thnak you.
And moonbat? Grow up for god’s sakes. That is the same liberal tactic of “your a racists” everytime you don’t like the truth.
Oh, and good one about the “not working” comment. Pathetic. You have proven yourself to be interested in only one subject (and by god, if someone makes one negative comment aobut your beloved GOp, it’s Bill Grant to the rescue). I read threads that I don’t post and I pass on threads I am not interested in. But you ALWAYS show up on gop/mcamnesty threads rooting fo rhte gop. Proving to everyone you are a gop shill who will march lock step with the republicans right over the cliff. Whatever happened to your, ” we must work to change the GOP” you preached to everyone before the election. All the lazy peopel and chickens who would not work to reform the gop. What have you done exaclt yot make changes to the platfroms? Nothing but cheerlead for them. You have shown yourself over and over to be a GOP cheerleader but when calle don it you deny it. Actions speak louder than words.
Weary Citizen – Actually you have Bill all wrong. He’s not GOP – he’s a liberal plant. If he were GOP he wouldn’t be attacking Conservatives believing that would drive them back into the Party.
False dichotomy. I had no part in the decision-making process of the millions who chose to vote for either the “chocolate-covered mud pie” or “dog mess”. There were other “plates” out there, most that were not as thoroughly advertised, but were out there nonetheless. Are you asking me to apologize for choosing something other than a “chocolate-covered mud pie” or “dog mess” and hoping others would see things the same way? I won’t. Also, please, feel free to continue blaming me for Obama getting elected. Whatever makes you feel better. I don’t see how such sentiments are grounded in facts though: Obama clobbered McCain by around 8.5 million votes. All of the other candidates besides Obama/McCain brought in a whopping 1,643,758 votes. There seems to be a remainder here.
They want us to bail out THAT kind of stupidity??? FUH-GET ABOUT IT!!! The rest of us aren’t running our businesses with that kind of idiocy, why are they exempt from suffering the consequences of their own actions???
“False dichotomy”. Exactly!!! It’s the same either or choice bush tried to sell us during the amnesty push. It was BS then and it is BS now. I suspect Bill did not buy that either/or choice for amensty (since he purports to have opposed amensty), but expects us to buy that choice now in regards to the corrupt oligarchy 2 party system.
On December 16th, 2008 at 5:21 pm, Weary Citizen said:
I believe that but I don’t recall where I accused them of it.
How about Obama? He any good?
No, you see… by your tortured analogy you are going to get a slap or the punch. If by your stated preference a slap is better why opt for it and then duck or deflect?
“Truther, misfit, arrested adolescent, x-files watching seeker of approval among an estranged peer group, former trek convention attendee who is silly enough to vote for Chuck Baldwin takes up too much space. Moonbat is pretty good shorthand.
Or “RINO” every time you disagree with someone who is actually voting for a Republican?
We at the “GOP HQ” (Our hollowed out volcano where we plot to antagonize paulbots) got a kick out of it.
Rewind a moment, this started with: “To be fair, Bush hasn’t been “classless, corrupt or “Chicago style” in his incompetence”…
Are you really such a stereotypical paranoia case as to believe that
fire doesn’t melt steelChuck Baldwin is the only man who can save AmericaI somehow work for the GOP?Not that I was preaching that but that isn’t the same as the capitulation that you are seeming to be advocating. Are you advocating anything in particular or are you just ranting that I wrote something against moonbats?
Are you saying that I am lazy? Or a peopel? Or a Chicken? WTF?
On December 16th, 2008 at 5:30 pm, JHSII said:
Not JHSII first lie on these forums… I have a catalog of them.
You are just determined to involve yourself aren’t you? Seems that I am the only one who pays attention… Poor kid.
On December 16th, 2008 at 5:42 pm, Send_Me said:
If it were we would be expecting President Keyes…
Perhaps you should have.
Indeed, but they got whittled down to the choices outlined in a democratic process.
Apologize? You stated: “The Republican party is absolutely morally bankrupt”… so obviously you are not going to vote for a republican, ever. Other folks should be reminded of that from time to time. Indeed, I think you should put that next to your signature so people know where you are coming from and what your objectives are. After seeing the opening acts of the Obamapaluza…well, as for getting other people to vote for Alan Keyes… I think you might have even more of an uphill battle.
LOL, I wish it was just your fault. The fact that there is blame to go around does not make you decision a smart one IMHO.
More Bill Grantisms:
I’m not the one who has been trolling this forum with lies – that’s you, Bill. No lies from me.
As far as your trolling, it was only a matter of time before you started attacking me again.
On December 16th, 2008 at 6:45 pm, JHSII said:
Sort of like a barnacle is “attacked” by a ship.
Bill proves my point – thanks, Bill.
just let them go into chapter 11 , I would roll the dice and still buy a new car from a auto maker if they r in bankruptcy and the 3 million lose of jobs bs is just that bs.
Check out the UAW Golf Course!!
It’s seems the WH and Treasury work for someone besides taxpayers who are asked to haul the heavy loads when politicos are too weak or disinterested in doing so.
Goldman Sachs or international bankers? matters not, the damage is done , some wounds heal slow, the damage inflicted in only a few months by those in power may mean we will be paying for their failings for years, and now, perhaps generations, it seems.
Gubamint Gone Wild.. 2008
I will take Chuck Baldwin over mcamensty any day of the week. At least he and I agree that amnesty is terrible idea. Again, provide proof of Baldwin actaully saying he supports the nonsense you accuse him of. And FYI, I don’t beleive 9/11 was an inside job. And neither does Baldwin. Eihter prove in his own quoted, unrefuted words or shut up.
You really are dull. You accused any conservative of not backing mcamnesty and the GOP of being cowards and/or lazy for not voting for him then working after the eleciton to change him and the GOP. But you don’t work to change them now. You are still here supporting them while the GOP has not changed one single bit (which tells any l;ogical person that you do support the GOP amnesty/big gov’t platfrom you have denied in the past). Tell you what, convince the GOP to stop spending $ on entitlement programs and stop supporting amnesty and I will gladly rejoin their ranks. Oh, and good one you caught a typo. You are like the support guy in my company who can only see the details, not the big picture. Hence why they never advance past support roles. I am done with this ridiculous conversation with a petty little name calling republican operative who lacks the ability to critically reason and draw the logicla conclusion that the GOP shot themselves in the foot by trying to move center on issues their base opposed. Unless they change, their continued demise is assured.
you truly can’t cure stupid. bailing out failures insures future failures, because the lesson learned is be reckless, the taxpayer has your back. just as the lesson learned when reagan gave amnesty to 3 million illegals was hey come on down cause these politicians can be rolled. so we have 12 – 20 million illegals now DEMANDING we give them amnesty. DO YOU REWARD YOUR CHILDREN FOR BAD BEHAVIOR, AND PUNISH YOUR CHILDREN FOR GOOD BEHAVIOR? YOUR GOVERNMENT DOES EVERYDAY.