by not only sabotaging any kind of recovery during the next four years, but maybe even making things worse just to frost the cake...
WASHINGTON—Top Republicans heaped scorn Sunday on a plan by Democrats to spend $25 billion rescuing American automakers, raising doubts about whether the auto bailout can pass the lame-duck Congress that begins today.
"Just giving them $25 billion doesn't change anything," Sen. Jon Kyl of Arizona, the Senate's second-ranking Republican, said on Fox News Sunday. "It just puts off for six months or so the day of reckoning."
Sen. Richard Shelby of Alabama, the senior Republican on the Senate banking committee, called the plan "a road to nowhere." He called the "Big Three" — Detroit's three major automakers — "a dinosaur," and said on NBC's Meet the Press that they are "not building the right products. … They don't innovate."
Shelby's state is home to plants owned by Honda, Toyota and Mercedes-Benz, foreign-owned companies that would not be eligible for bailout funds under a proposal by Sen. Carl Levin, D-Mich.
Michigan-based General Motors, Ford and Chrysler have made changes in recent years but need help to survive the economic crisis, Levin said on Meet the Press. GM reported last month that it is running out of cash.
If even one of the big three fail the ripple effect in terms of affected industries could be catastrophic...
Let us all pray that the dems get a backbone and use their newfound mandate to actually get past the GOP obstructionists that have brought the approval ratings of the government to all time lows...
The new administration was elected on a promis of change...lets not let the rebumblicans stand in the way...
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