House Passes Auto Bailout

The U.S. House tonight passed an auto bailout package of $14 billion dollars for the Big Three by a comfortable margin. From the Washington Post:

The House tonight, 237-170, approved an emergency plan to prevent the collapse of the nation’s domestic automobile industry, but the measure faced serious obstacles in the Senate, where Republicans were revolting against a White House-brokered deal to speed $14 billion to cash-starved General Motors and Chrysler.

On to the Senate, where Republican opposition is hardening. President Bush is expected to lobby recalcitrant members personally. Look for passage this week.

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2 Responses to House Passes Auto Bailout

  1. jgodsey says:

    So, we are now paying American companies to lay off workers. This will NOT END well.

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  2. Jules Gordon says:

    Your Honor,

    7:30 PM Forget about it.

    Jules

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