Jack & Jill Politics

rikyrah: Now, on this AUTOMAKERS MATTER:

Obama Pushes for $50 Billion for Automakers, Oversight Czar

President-elect Barack Obama is pushing Congress this year to approve as much as $50 billion to save cash-starved U.S. automakers and appoint a czar or board to oversee the companies, a move that would require President George W. Bush's support, people familiar with the matter said.

Obama's economic advisers are now convinced that if General Motors Corp. doesn't get a financial lifeline soon, it will have to file for bankruptcy by the end of January. And if the companies don't get almost $50 billion, Obama will be dealing with the issue again by next summer.

Any czar or board would be patterned after the bailout of Chrysler in 1979 and New York City in 1975. Advisers such as former Federal Reserve Chairman Paul Volcker and former Treasury Secretary Lawrence Summers are said to be telling Obama that the cash is urgently needed now.

Congress would have to act in a lame-duck session that begins next week. Obama would need Bush's backing to pass such a sweeping and costly measure in part because Democrats don't have enough votes to force a floor vote or override a veto. Obama also would need strong support from auto-producing states such as Michigan, Ohio, Indiana, Illinois and Wisconsin to pass such a sweeping and costly measure.

Yet to be determined is whether most of the money would be drawn from the $700 billion financial rescue package Congress passed last month or from newly allocated funds.

Obama's Exception

By injecting himself into the talks about how to save General Motors, Obama is making an exception to his decision to steer clear of policy-making until he takes office.

The president-elect also wants the Federal Reserve to extend emergency loans to General Motors, Ford Motor Co. and Chrysler LLC, according to Obama aides who spoke on condition of anonymity.

The failure of those companies would likely bring down parts-makers, dealerships and suppliers in addition to inflicting a deep psychological blow.

SKIP

Congressional Democrats, meanwhile, are pushing for legislation to help the automakers. House Speaker Nancy Pelosi called for congressional action, saying failure by one or more of the big U.S. automakers would have a “devastating impact'' on the U.S. economy. Assistance must be conditioned on “rigorous independent oversight'' of carmakers and restrictions on executive compensation, she said in a statement.

“A collapse of the American automobile industry would be the worst possible thing that could happen at a time when we are already weakened,'' Frank, a Massachusetts Democrat, said in an interview on Bloomberg Television.

THERE IS MORE.

IMHO, he has to make a statement, because SHRUB WILL UNDERMINE him from now on!

President-Elect Obama!! :>)

rikyrah: Here's some fun stuff!: :>)

BARACK GETS TRADED

Barack Obama is about to get passed around more than Sienna Miller.

New trading cards featuring the President-elect's face are being released from the Topps Company. There will be a total of 90 cards and they will contain fun facts and quotes about Barack.

You can own a piece of the prez for only $1.99. Two Obamas are better than one!Barack Obama is about to get passed around more than Sienna Miller.

New trading cards featuring the President-elect's face are being released from the Topps Company. There will be a total of 90 cards and they will contain fun facts and quotes about Barack.

You can own a piece of the prez for only $1.99. Two Obamas are better than one!

I'm saying, AGAIN, HE is and ECONOMIC STIMULUS – all by himself!! :>) :>)

All of my friends and sorors are going.. I am still trying to debate whether I should drive down for the weekend. I don't know if I can handle the large crowds

What's more, you had Bill Bennett back in the day suggesting that crime would go down if you aborted black babies. But, I thought the GOP was supposed to be so pro-life, so why suggest a certain group of babies be aborted? They don't give a care about black, brown, yellow or beige babies' right to life, only the white ones.

And the white girls who are having babies are increasingly giving birth to non-white babies, at that.

You disagree with what?

Your comment actually supports my notion that A ndrea Mitchell is running her mouth in order to start another “slap-in-the-face” narrative when Barack doesn't even offer Clinton the job.

I'm going to say that if you haven't tried this recipe, it sounds a bit too involved. Butternut squash doesn't need too much help because it tastes so good by itself. It needs no celery, no potatoes, not hot poppers, no carrots.

And no soup recipe worth its weight would recommend water over chicken or vegetable stock for thinning.

lol. Ok Craig. I thought it sounded it good.

Revrose:

I stand by the fact that there are ways a church can get politically involved without using the pulpit to make its parishioners adhere to the leader's political agenda. When it becomes clear that the Church leaders are using the Church to facilitate political agendas, that is a violation of the separation of church and state, and as such, the Church has gone from being a place of worship to a place of political activity and therefore, should give up its tax-exempt status.

That's the one. He's Jeb's son and definately takes after his mother's side of the gene pool.

I agree with you, because I am always preaching about political issues. I do not tell people who to vote for, or how to feel, but I make it my business to tell them how I feel and what I believe liberal religious values call us to do. Three guesses what I'm preaching about on Sunday???

Thank you for sharing your story:-). I am flabbergasted with what you just posted, The more I'm reading the more I'm appalled with the church getting away with this. What that Sunday school teacher told your Child is poison and sowing the seeds of fear and smear. That's not Godly. This is why people turn away from churches.

Yep, she was a straight up drug addict, but I guess there's a lot of pressure being in the Bush family, and their history of substance abuse among its members proves it.

Yes, you do have a good point. I don't like Bush, but sounds like he's a product of his environment.

Yes, you do have a good point. I don't like Bush, but sounds like he's a product of his environment.