Bond gets on board with auto bailout
Bond
From our D.C. bureau chief Bill Lambrecht: Missouri’s Kit Bond is one of two Republican senators to have signed on to a plan to bailout the nation’s automakers.
Detroit wants $25 billion in emergency loans — taken from the larger $700 billion financial bailout approved earlier by Congress — to help the cash-strapped auto companies.
Lambrecht reports that Bond will support the measure provided it includes “taxpayer protections, executive accountability and financial reform of the companies.”
Bond joins Ohio’s George Voinovich as the only other member of the Senate’s GOP caucus to support the bailout plan, being pushed by Democrats.
Supporters of the plan will probably need eight more Republican senators to block a filibuster, Lambrecht reports.
Not a penny until the UAW management coucil agrees to benefit reductions.
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The original bailout was a bad idea and has yet to work. This one is even worse. BAAAAAAAAD
So Bond will hand public money to these private corporations, so long as they let Congress have control over their internal business matters. And he is a Republican?
Me thinks that Kit is running for re-election in 2 years, no?
Haven’t we all had enough of this bailout/rescue stuff?
First it’s banks. Then auto makers. Then the airlines. –What’s next?
Until the CEO’s and CFO’s and everyone else in upper management averages less than $100K/yr for the last five years –they get nothing!
I think Nick pretty much said it all. This is why Republicans have been losing and will continue to lose.
Hope you Republicans remember this and vote against Kit in two years.
Since I didn’t refinance my house to buy a new truck, how about sending me part of the bailout money? For $25,000 I promise to buy an American made vehicle.
I guess Senator Bond has decided that he does not want to survive the primary for his seat. Very well. That will give us a chance to run a candidate who isn’t going to jump on board any more bailouts.