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It looks like the Republicans will block the auto makers bail out today.

The prospects of a $14 billion government rescue of the American auto industry seemed to vaporize Thursday as the Senate Republican leader, Mitch McConnell of Kentucky, spoke out forcefully against the bill, effectively ending its chances despite the urgings of the White House.

In a speech on the Senate floor, Mr. McConnell said he and other Republicans had drawn a clear distinction between the Treasury’s $700 billion economic stabilization, which they helped pass in October, and the proposal to aid the American automakers, which he said raised questions about which industries or individuals deserve help.

Wow, the Republicants are so worried about taxpayer money these days I often wonder where they disappeared when 9 billion dollars just vanished in the black hole of Iraq?

Nearly $9 billion of money spent on Iraqi reconstruction is unaccounted for because of inefficiencies and bad management, according to a watchdog report published Sunday. An inspector general's report said the U.S.-led administration that ran Iraq until June 2004 is unable to account for the funds.

An inspector general's report said the U.S.-led administration that ran Iraq until June 2004 is unable to account for the funds.

"Severe inefficiencies and poor management" by the Coalition Provisional Authority has left auditors with no guarantee the money was properly used," the report said.

These knuckleheads are going to let the auto companies go down in flames, but never lifted a finger when it came to funding Bush's war. For war, there is never enough funding for conservatives, but to help Americans ... Nada.



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34 comments

This is purely and simply an attack on labor. How about we cut Mr. McConnell's benefits? What do either he or his wife do, other than prove that Republicans are evil, for this country? I say that it is time for us to take to the streets. If the auto markers fail, the economy will fall like a house of cards. Bushvilles will crop up everywhere. If we don't protest, someone needs to have a telethon to bail out the automakers. I don't care about their CEO's, I care about the workers! I think that maybe it's time for the south to secede.

Currently I work for GM I MAKE 14.00 an hour, I pay 100% of my dr. office calls. How much lower do we have to go? Since the country in such a finacial mess right now why dont our elects take a pay cut? They talk about the big 3 makeing a mess of their companies what do they think they did?

Too bad they couldn't check those "Diplomatic" suitcases of Bremmer and Rumsfeld and others that made clandestine trips to Iraq for no obvious, pressing reason. Oh yeah, Georgie's "surprise" Christmas visit in 2003. Cheney had 85 million to invest in a private prison system in Texas. Oh well, what's for dinner?

left very large wallet on bus station bench. Contains around 9 Billion in US dollars. Please return to 1000 Pensylvania Ave.
$100 dinar reward

McConnell is probably trying to lure a foreign automaker to Kentucky. Are people like him going to take responsibility for what happens without the bailout? This is messed up.

I love my old Econoline!

I'm gonna slap somebody.

Here CNN shows a table of the combined Fed/Treasury Bailout Heist Commitment/Spending.

$7.2/$2.6 Trillion

Bloomberg has the top number at $8.5 Trillion. A Trillion here, a Trillion there, pretty soon you have hyper inflation.

Don't Cry for Me Argentina

used on Iraq, I'm sure the politicians would have come up with some other reason to give it to the military. Perhaps more money for StarWars Missile Shields, or new F66 planes, or really kewl bombs to rain down on some impoverished nation. It's the military. They always get funding.

I have this vision of the poeple "managing" that 9b. when it was shipped in crates in various denominations to Iraq. I bet their eyes were wide as saucers, licking their lips with visions of cars, homes, drugs and parties. Just stuffing their pockets with no oversight.

For the love of god....justice....please.

is that they believe in government and the value of legislating. This is why they cave in to the first whiff of a threat of a filibuster rather than calling the Repubs bluff and forcing them to filibuster while the economy collapses. The Dems would rather get bad legislation through than none at all. Even when it contains all kinds of political poison pills. The Repubs are essentially nihilists, so none of this bothers them.

W

Bush and his family of crooks should have to personally pay us all back for the damage they've done. Can anyone tell me what rewards have come from this war? $9 Billion? If you and I ever lost that much money, we'd be fired! Somebody has to stop this...

record amounts of money mysteriously disappearing from every nation right now. Everybody but everyday middle class and poor, seem to be milking billions here and there. "Bail us out. No bail us out. No, you bailed them out, so bail us out. The world will end if you don't bail us out. Nobody move-we have your workers being held for ransom."

The disappearing money is Banks paying off Credit Default Swaps and write downs on Mortgage Backed Securities, the market of which has collapsed.

Everyone but China bought the American Financial Crap. AFC if you are keeping track of your acronyms.

In response, the whole world is printing money. The Americans are printing the most.

Here is an interesting piece from Bloomberg.

I think that it was on Bloomberg, but not sure...if you invest a million into t-bills it pays back like 26 bucks interest..it was really really ridiculous an amount..can't seem to find it online now

Everyone of those stupid redneck (redstate) bastards can kiss my ass!

I am sooo sick of these evil middle class hating mother fuckers. I wish the South would seceede, and take every one of their useless ass bastard senators with them.

And they can take all my idiot unemployed in-laws who voted R again with them.

Trillions of taxpayer dollars stolen by Bush/GOP cronies, but when a comparatively small bailout is neeeded to help unionized workers, they are suddenly "defending the tax-payers." Satan will have to add an addition for all these republican pigs when their time comes. Disgusting!

I thought that this was the time for everyone to stick together for the common cause? They think it's business as usual! The Repubs are sanctimonious asses. I hope their actions will be remembered throughout America as a Bush legacy... never to be supported again. Great time for a courageous conservative to form a New party.

They couldnt blackmail unions AND General Motors at the same time

WASHINGTON (Dec. 11) - With time growing short, the $14 billion auto industry bailout bill stalled in the Senate on Thursday as Republicans demanded upfront concessions from the United Auto Workers as the price for their support. UAW and auto industry officials were in talks with key Republicans and Democrats at the Capitol, although it wasn't clear what, if any, givebacks the union was willing to discuss.

ccokzblog

is what they are trying to do. Unions may not be perfect, far from it, but I truly believe that if it were not for unions, we wouldn't have had a middle class to begin with.

being broken will be an added bonus to what they are doing. It is a massive transfer of wealth to the wealthy that will leave the biggest gap in human history and nobody anywhere is even thinking about stopping it.

there is no other sentiment than the following
words for the republicans....they are a bunch
of fucking assholes. they don't mind giving
money away to any scam they push on the American
public, but when it comes to saving millions of
jobs and keeping Americans from becoming homeless
and without any health care....they could care less.

if they push this until the auto industry fails and
millions of Americans end up in poverty, then they
deserve no more than to have their homes taken
away in the same shameless and emotional less
means that an angry mob will cause.

...ruined his health working to start the IBEW in the Deep South after WWII. What are these DC-limpdicks doing to our country?

From Mitch McCon-Man!

How about the 2.3 TRILLION dollars that "went missing" from the Pentagon according to an announcement on Sept. 10th, 2001.

http://www.cbsnews.com/stories/2002/01/29/eve...

Let's do some reporting.

What does 9 billion dollars amount to in real terms. Perspective helps.

If I was given 9 billions dollars and decided to spend $1000 daily, I would have to live 247 milleniums. Too much time for me.

time that the money was being reported "lost", Dan Senor, a Bush lackey, was making the rounds of the cable shows explaining the situation was a result of Iraq not having modern accounting standards. Funny, I don't remember Campbell "No Bias, No Bull" Brown ripping into her hubby over that statement.

It's all in the pockets of the corporatist crony cabals who steered us into the wars-for-profit in Afghanistan and Iraq (I and II). These are the same elements of a long-standing military-industrial complex who produced the Spanish-American War (a transparent pretext to drive Spain out of the Caribbean and the Philippines), Vietnam (with side ventures in Cambodia and Laos), and too many wars-by-proxy to mention here. It's in the pockets of the "investors" who bought "put" options against American Airlines and United Airlines one or two days before 9-11; it's in the pockets of Twin Towers leaseholder, Larry Silverstein, who raised eyebrows in the insurance world when he took out exorbitant policies covering his leasing interests in the Towers less than seven weeks before the attacks; it's in the coffers of Ultra-"Rat Wang Curstian" Blackwater Security; it's in the coffers of professional propagandists (Sean Spinanity; Tush Limbaugh) and others recruited by the Pentagon and its corporate friends to promote these false and increasingly unpopular wars; it's in the coffers of Kellogg, Brown and Root, demonic succubus of cheney's Halliburton; it's in the hands of investors in George H. W. Bush's Carlyle Group; it's in the coffers of numerous defense contractors, whose fortunes were slumping prior to the 9/11 windfall; it's in the hands of the corporations who built and continue to maintain election stealing "black box" "voting" machines in over 36 US states to this day; it's in the hands of many members of what are arguably the most corrupt Congress and administration since, well, McKinley's; it's in the hands of the media conglomerates who spoon-fed 'mericuns their daily pablum while the war criminals and profiteers partied on, and Constitution shredders closed down US democracy; and finally, and most obviously, it's in the hands of cheney's Ponzi-scheming Wall St. organized crime dons, beneficiaries of the largest forced globally coordinated wealth transfer from the middle class to the rich in history. Total of this most recent scam, together with all of the scams cheney/bush and their "republi-crat" buddies countenanced and/or actively facilitated over the past 7.9 years: 12 to 25 (depending on your source) TRILLION dollars and counting. Hello?

Now, recall that a US president need only issue a "finding" (directive to some elements of our clandestine service to assassinate a troublesome opponent--foreign--Salvadore Allende, Omar Torrijos--or domestic--RFK, MLK--wake the hell up) and that life is snuffed in such a way as to give the US "plausible deniability". Yes, boys and girls, the Prez has this awful power literally at his fingertips. You mean to tell me that--other than the resolutely ignorant--there are any elementary school graduates among us who still believe Osama Bin Laden stood a chance against the technicians who developed, and still maintain, the most extensive offshore array of "secret" rendition sites in world history? C'mon, if he hadn't been so valuable to cheney/bush corp. as a straw boogie man, a surgical incursion into remote Afghan/Northwest Pakistan territory would have liquidated the top three tiers of insurgent leaderships in both the Taliban and Al Quaeda (an CIA-invented name for a band of terrorist pipsqueaks) in October, 2001. Period.

All the rest of our "war" history since September, 2001, has been an orchestrated Kabuki charade, designed to assist a great many US citizens in maintaining their intellectually comatose self-absorption, snugly tucked into corporate-harnessed consumer cocoons, while scaring the bejeebers out of any Americans awake/aware enough to realize the Neo Con job was on.

Now, what's this about a mere $9 billion being "lost" in Iraq? Denial is such a powerful psychological defense it not only completely undermines one's capacity for discernment, it resists attempts to probe its own basis. No perspective, no reality, no future.

and very well said.

9 billion dollars disappeared in (the pockets of Lewis Paul Bremer III) "the air" in Iraq. "9 billions dollars"! I haven't heard of anybody investigation anything. There is a 53 trillion dollars gap in the American Goverment thanks to the Bush's war, and transfering of jobs to China. They have enough money for everything except health care. By not bailingout the Car industry, the unemployment ripples in America would be desvatating. This chaos was created by the Republicans and they are transfering it to Obama's Government. In other words, the Republicans are setting the new President for failure. Now. Tell me if that is not a well conceived plan! They fucked the country for the last eight years. And they are not yet satified. Then they continue their saga in fucking the country till the end.

--------------------------------------------------------------------------------

Thomas Jefferson once said:

"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson -- The Debate Over The Recharter Of The Bank Bill, (1809)

Osama Bin Ladin is laughing his ass off.

On September 10, 2001, Rumsfeld dropped the bad-news-bomb that $2.3 TRILLION went "missing" from the Pentagon. (These kind of embarrassing announcements are usually made on Fridays in order to get buried or diffused over the weekend, never on Mondays.) Amazingly, his timing was perfect for burying that ENORMOUS headline as the next day was Sept 11. One lucky (or prescient) guy. At any rate, he was even luckier than that (some say it wasn't luck...) when the plane approaching the Pentagon miraculously swerved to avoid his office and went all the way around to the backside of the building and took out the seemingly low-priority-target of the accounting offices which were investigating the "lost" money. Coincidence or simply another day in the life of happy go lucky twilight zone man, Mr. Rumsfeld?

Has anyone thought of looking in Both Dick and George's pockets?

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