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Reid: Automaker aid bill doesn’t have needed votes

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posted on Dec, 3 2008 @ 06:07 PM
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WASHINGTON - Senate Majority Leader Harry Reid says the Democrats’ plan to tap the Wall Street rescue fund to save U.S. automakers doesn’t have the votes to pass.

One day after Detroit’s Big Three sent survival plans to Capitol Hill in an urgent plea for $34 billion in government aid, Reid said there’s still not enough support in Congress for using some of the $700 billion bailout to help the teetering carmakers.

He told The Associated Press in an interview, “I just don’t think we have the votes to do that now.”



www.msnbc.msn.com...




posted on Dec, 3 2008 @ 06:09 PM
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But how many times do you think this will be voted on before it finally passes? It took the banker bailout two tries ...

Also from the story, I found this interesting:


The Bush administration and auto-state Republicans and Democrats are pushing instead to take a $25 billion program to help the carmakers produce green vehicles and convert that into emergency loans.


I'm favoring that course of action rather than just blindly giving them the money they are asking for to "survive".



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