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Bailout Dies Local Vote

posted 12/12/08 8:44 am

search tags: bailout • congress

Washington -       Oklahoma Senators Jim Inhofe and Tom Coburn were among 35 senators who voted to kill a $14 billion bailout for
the auto industry.
      The Senate rejected the bill 52-35 on a procedural vote with 60 votes required for approval.
      The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union
agree to deep wage cuts by 2009 to bring their pay into line with Japanese carmakers.
      Majority Leader Harry Reid says he hopes President George W. Bush (web | news | bio) use money from the $700 billion Wall Street bailout fund for
emergency aid to the automakers.
      General Motors and Chrysler have said they could be weeks from collapse. Ford says it doesn't need federal help now but its
survival is far from certain.

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Latest Comments on "Bailout Dies Local Vote"

posted by: madashe#%&* on 10:44 am on 12/12/08

I am tired of all the talk about bail outs!!!! the point of the matter is that all these companies and C.E.O.s have all gotten to greedy for years and that is why our country is in the shape it is in!! it would take me and my wife over 30 years to make 1,000,000 dollars, and most of these C.E.O.s make ten times that in a year!!!!! Henry ford said he wanted all Americans to be able to afford his automobiles. it is sad that Detroit has forgot that. her is an idea! instead of giving Detroit tax payers money make them cut the price of a car in half . i would think they would be happy getting half of something than a lot of nothing.

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