Auto bailout showdown heads to Senate

Auto bailout showdown heads to Senate

www.msnbc.msn.com

WASHINGTON - The Senate’s top Democrat called for a vote on the $14 billion auto industry rescue package as early as Thursday afternoon while the White House lobbied for votes, arguing that the economy can’t stand massive new layoffs.

“We have danced this tune long enough,” Senate Majority Leader Harry Reid declared at midmorning. He said he hoped for separate votes Thursday on compromise legislation backed by Democratic leaders and the White House, and a Republican version.

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It's very interesting how republicans, who now lost, are now opposing the auto-bailout.

I wonder what their position would be if McCain won.

All in all, I think Ron Paul does it again, and gives a superbly excellent speech that really hits it right on the nail.




His speech is truthful about the bailout, but also kinda scary.
It's nationalization.

I was also reading another article about the biotech industry wanting a bailout too.

Now all these giants are running to make bad decisions so they can be bailed out, who cares if the CEOs agree to 1$ a day, think of how many bonuses or other sources of money they will get. Salary means nothing at this point.


www.msnbc.msn.com
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