jump to navigation

GOP Senators Block Auto Bailout December 12, 2008

Posted by joshuachayne in Culture, politics.
Tags: , ,
1 comment so far

The auto bailout passed through the House but was blocked by GOP Senators in the Senate, last night Dec. 11th 2008.  The White House is considering using some of the funds from the Wall Street bailout to help the Big 3 in the Auto Industry.

The collapse of the auto industry could cost millions of jobs.   There are those in the GOP who want to bust up the Unions before they would give aid to the Auto companies.

While the GOP is playing to their economic elitist base, they risk tarnishing their image among moderates and progressives.  The Republican Party is often seen as being for coorperations and the rich at the expense of the middle class and the poor.

Do Republicans want a depression?

A condition of the bailout that most agree upon is that the Auto companies need to restructure and produce green efficient cars.