Republicans Impede Auto Bailout

December 10. 2008

Republican senators fighting against bailing out the U.S. auto industry have raised objections that now threatens the rescue package. While I understand their apprehension in not wanting the money to be squandered, they need to think about the 3 million people that will be out of work within months if the automakers go under.

I’m not in favor of making underperforming executives richer, but I am for everyday people keeping their jobs. Furthermore, think of the unemployment claims Congress would be liable for with that many people out of work in a short space of time. Would it not be better to keep them employed.

Auto rescue bill in peril, opposed by GOP senators

WASHINGTON (AP) — Emergency aid for the nation's imperiled auto industry was thrown into jeopardy Wednesday, opposed by Republicans who were revolting against a hard-fought deal between Democrats and the Bush White House to speed $14 billion to ailing carmakers.

Democrats detailed the compromise measure and laid the groundwork for quick votes on it, holding out hope the bailout could be enacted by week's end. But a growing number of GOP senators declared they would not go along.

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