Tales from the Trail

The First Draft: Monday, Nov. 17

November 17, 2008

The Senate returns to debate a bailout for struggling automakers and consider additional stimulus money to prop up the struggling economy.
    
Democrats hope to pass both measures in their brief “lame duck” session, but they face opposition from Republicans in the chamber as well as President George W. Bush, who reiterated on Monday morning that any Detroit aid should come from the $700 billion already appropriated to prop up the economy.
    
In Chicago, President-elect Barack Obama will meet at noon EST with John McCain, his recent rival for the White House.  “It’s well known that they share an important belief that Americans want and deserve a more effective and efficient government, and will discuss ways to work together to make that a reality,” Obama’s transition team said on Monday. 
    
Obama and McCain will be joined by their two favorite wingmen — future White House chief of staff Rahm Emanuel and South Carolina Sen. Lindsey Graham, respectively.
    
McCain might put in a good word for New York Sen. Hillary Clinton, who is reported to be on Obama’s short list for Secretary of State. McCain and Clinton downed vodka shots together on a trip to Estonia a few years back.
    
 Back in the Senate, the Finance Committee will cross-examine the man who has been nominated to oversee the $700 billion bailout program. Neil Barofsky, the assistant U.S. attorney in the Southern District of New York who has been nominated to be Special Inspector General of the Treasury Department’s Troubled Assets Relief Program, testifies at 2 p.m.
    
The House is not in session, but new members elected two weeks ago are in town for an orientation session and a class photo. House Democratic leaders say they will quickly pass any bailout packages that clear the Senate.
    
U.S. stocks are expected to open lower as investors continue to fear a deep and lengthy global recession. According to one group of economists, we’re already there: real GDP is expected to fall 2.6 percent in the final quarter of this year and 1.3 percent in the first three months of 2009, according to a survey of 50 professional forecasters conducted by the National Association of Business Economists.

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As discussed here – http://www.savingtoinvest.com/2008/11/us -automakers-bailout-bridge-to.html – bailing out the automaker is necessary under current economic conditions, but may also just be delaying the inevitable demise. critics on both sides, the US automakers bailout proposal has strong bipartisan support and the President-Elect has publicly stated his backing of a constructive bailout plan. It is just too important (perceived and actual) to the nation’s economic recovery. The key will be how the bailout package is structured for short term and long term reform. For it to be successful the US automakers will have to undergo a radical make-over in terms of labor rates and union structures, past and current worker benefits and accelerating the move to cleaner energy vehicles. Further their executives, need to be replaced by new talent whose focus will be on making the companies as efficient as possible to compete in the 21st century and to eventually repay (with interest) the taxpayer funded bailout.

 

WE HAVE MORE TO DO:

Democrat Jim Martin is in a runoff against Bush Republican Saxby Chambliss for the Senate seat from Georgia. Bush’s Saxby Chambliss voted against spending a few measly dollars to provide health care coverage for Georgia, and Americas needy children. But he supported wasting hundreds of billions of your dollars, and the life BLOOD of Americas finest on an unnecessary war in Iraq.

At a time when 47 million of you have no health insurance coverage, and over 100 million of you with insurance are just one major illness away from complete financial destruction. Bush and Saxby Chambliss voted to make the heart break of bankruptcy relief even harder for all of you to use.

You see, Bush and Saxby Chambliss, and his family don’t have to worry about their health care coverage. They have the finest health care coverage your tax money can buy for them. Courtesy of you. The American Tax payer. In fact, no one but the super rich can afford the health care coverage you the tax payer provide for Saxby Chambliss, and his family for FREE! with your tax dollars.

He supposedly works for you. But he doesn’t think you and your family should have access to the type of taxpayer supported FREE health care that you provide for him, and his loved ones for FREE!. Doesn’t that just make you BURRING MAD!

Vote for JIM MARTIN for US senator from Georgia. Vote for JIM Martin who will be on your side. Vote for JIM MARTIN who will work with President Obama and a majority congress for you. Vote for JIM MARTIN most of all for your-self, your family’s, friends, and loved ones. Vote for JIM MARTIN for a better America, and a better World.

Don’t let Saxby Chambliss make a chump out of you by tricking you into voting against your own best interest. Saxby chambliss is NOT! on your side. He’s not one of you. He is on George Bush’s side. And we all know what a catastrophe the Bush Chambliss administration has been the past 8 years.

Contact all your family and friends and do every thing you can to see to it that JIM MARTIN and GEORGIANS! take that senate seat back for Georgia, and America. No matter where you live in America. This is important to you. President Obama will need all the help, and power you can give him to try and fix this catastrophic mess that the Corrupt Bush Chambliss administration has created.

As I said before you will have to vote in overwhelming numbers to overcome the Bush Chambliss “Let Them Eat Cake” vote fraud machine. Vote early if you can. Then help everyone you can get to the polls and vote for JIM MARTIN. You and your loved ones don’t have to be Saxby Chambliss’s victims anymore.

I know you will get it done. Just like you did for President Obama.

God bless all of you

jacksmith – WORKING CLASS… :-)

Posted by jacksmith | Report as abusive
 

japs and germans are building better cars than gm ,ford,and chrysler.the same situation occurred in england,the then liberal government in an attempt to appease the auto unions,poured money into rover,etc and made matters worse,eventually because of the unions they all went bankrupt.nissen had problems recently got a new ceo and design team, never looked back, beautiful cars.at ford,after the laughable last thunderbird every designer involved should have been shown the door,the entitlement job for life mentality that prevailes can unfortunately offer little hope in the future that any can survive.but in the meantime you can be sure money will be poured in by the dems.

Posted by brian lee | Report as abusive
 

I think a bail out of the auto industry is ludicrous. They are a product of their own greed. I don’t think they would be hurting so bad if they would not have allowed labor costs and union deals to run the price of their vehicles through the roof. What next, do we bail out the hair cutting industry too?
If we should be helping anyone, it should be the farmers and truckers that are our major source of providers when you get down to it.

Posted by David | Report as abusive
 

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