Breaking: Deal reached in principle on $15B auto bailout

[RB TexLa]

WASHINGTON – Congressional aides and a senior administration official say the White House and congressional Democrats have reached an agreement in principle to speed $15 billion in government loans to struggling U.S. automakers.

The plan could see a vote as early as Wednesday. It creates a government "car czar," to be named by President George W. Bush, to oversee the bailout billions and an auto industry restructuring. The czar would have to yank back the federal money if carmakers didn't do enough to reinvent themselves.

The measure is not final and could still face obstacles from congressional Republicans, who have not approved it.

The officials spoke on condition of anonymity because they were not authorized to announce the developments.




http://news.yahoo.com/s/ap/20081210/ap_on_go_co/congress_autos

[ixion]

1. great... another freakin' czar

just what we need. :eyes:

[blue_onyx]

2. Bush will appoint someone who hates the unions,

who doesn't know anything about the auto industry, and will screw things up even worse than they already are.

[malaise]

3. Bingo and someone needs to tell me

why Dems would defer to this lame fuck at this time.

[blue_onyx]

5. Their horrible leaders are one of the problems

Pelosi and Reid don't seem to have much of a backbone to do anything unless it has bipartisan approval so that if anything goes wrong, they can blame it on Bush/Republicans.

[Canuckistanian]

4. Tell us something we don't know

Outgoing Presidents should be forbidden from making political appointments between election and swearing-in.

Either way.