Fareed Zakaria: Zakaria: There is a U.S. auto industry that works
Published: Fri, Dec 12 2008 12:52
 ...Fareed Zakaria : Only part of the U.S. auto industry is asking for a bailout International car companies in the U.S. aren't asking for a bailout , he says Zakaria says the best reason for a bailout is it will keep jobs in place for now Editor's note: Fareed Zakaria is a foreign affairs analyst who hosts " Fareed Zakaria : GPS" on CNN at 1 p.m. ET Sundays. Fareed Zakaria says only the inefficient part of the automobile industry is asking for a bailout... |
Bob Corker: Junior senator takes the wheel in U.S. auto aid
Published: Thu, Dec 11 2008 12:27
 ...Junior senator takes the wheel in U.S. auto aid By Karey Wutkowski Bob Corker , a first-term Republican senator, proposed on Thursday adding tougher conditions to a $14 billion auto bailout to win enough Senate votes to pass a controversial package supported by Democratic leaders and the White House. The junior Tennessee senator's proposal to amend a bill passed by the U.S. House of Representatives won the immediate backing of Senate... |
Mitch McConnell: No.
Published: Thu, Dec 11 2008 09:19
...Thursday, December 11, 2008 No. [Kathryn Jean Lopez] Mitch McConnell just gave this speech opposing the auto bailout on the Senate floor: "These are turbulent times for the U.S. economy. Over the past several months, Americans have seen giant companies fail, significant job losses, and, after unprecedented problems in the credit markets, the frightening...
See: Mitch McConnell, Kathryn Jean Lopez, Senate, U.S.Pete Davis : Auto Bailout: 'Twas Unions That Killed the Beast
Published: Fri, Dec 12 2008 04:27
...Permanent Link | Print Political analyst Pete Davis nicely sums up the failed automaker bailout : "Disagreement over required United Auto Workers to give up wages and benefits to reach parity with other foreign owned U.S. auto workers ultimately killed the effort. The UAW wanted until 2011 to reach parity, but the Republicans insisted on parity "on any day in 2009." There you go....
See: Pete Davis, United Auto Workers, U.S.Barack Obama: Obama urges car industry bail-out as Republicans balk
Published: Fri, Dec 12 2008 15:07
 ...14-billion-dollar emergency loan for the car industry Wednesday night, a move that would keep General Motors Corp and Chrysler LLC out of bankruptcy at least for the coming few months. Obama, speaking at a Chicago press conference, said the automotive bail-out was vital for the US economy and urged the Senate to follow suit. "At this moment of great challenge for our economy, we cannot simply stand by and watch this industry collapse," said Obama, who has not taken an active role in the congressional negotiations.... |
George Voinovich: White House readies new rescue for auto industry
Published: Fri, Dec 12 2008 12:38
 ...power with the UAW by making clear from the start that the industry would get an emergency life line if talks with Congress collapsed. - Susan Walsh /AP Photo Sen. George Voinovich , R-Ohio, speaks about the Senate's rejection of an emergency $14 billion loan bailout for US auto companies, Thursday, Dec. 11, 2008, on Capitol Hill in Washington. - Haraz N. Ghanbari /AP Photo Sen. Bob Corker, R-Tenn., speaks with members of the press following the Senate's rejection of an emergency $14 billion loan bailout... |
Antonio Febres: Risk-taking pushes down dollar, yen
Published: Thu, Dec 11 2008 01:08
...remained weak against the Japanese yen, if the Fed takes interest rates to zero, we could see the dollar fall to 13-year lows" on the Japanese unit. Antonio Febres at PNC Bank said the bailout for automakers was prompting a bit more risk taking and thus hurt the dollar and yen "as this was viewed as another effort to cushion the global economic slump." "As equities stabilize and investors begin to take risks again, the yen should weaken," he said. Ed Yardeni at Yardeni Research said the dollar could...
See: Antonio Febres, Ed Yardeni, PNC Bank
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