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Democrats, White House clash on auto bailout

Source: AFP

Washington : DC : USA | about 1 year ago

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Democrats in Congress Monday launched a new multi-billion dollar drive to save the US auto industry, but the White House warned against draining funds from a huge finance industry bailout. Less than two weeks after Barack Obama's presidential election victory, Democrats and Republicans...

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8 Points On Pres. Obama, In Eight Months

By: TheThoughtSpigot

1. Primary 2008, Barack Obama promises, "I will have no lobbyists, or people from the media, in the White House, or my cabinet." As of today, there are over twenty lobbyists (32 Czars) and ten people from the media, in places of power, in the Obama White House. 21 people total from Chicago/with Chicago ties (from Czars who ar

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News Stories

Ford's CEO defends operation of automaker; says no one could have foreseen ...

News Source: Star Tribune | about 1 year ago

The head of Ford Motor Co. says the company is working hard to "transform our business" into a more profitable one that meets 21st century demands for fuel-efficient vehicles. Ford's chief executive officer, Alan Mulally, said he'll make that...
Detroit Bailout Looks Unlikely

News Source: Truthdig | about 1 year ago

The Chief executives of the big three American car companies head to Washington Tuesday along with the head of the United Auto Workers to beg Congress for a bailout that seems less and less probable. Lawmakers are loathe to head back to the...
Indications: U.S. stock futures point to further losses; Yahoo climbs

News Source: MarketWatch | about 1 year ago

U.S. stocks ended with sharp losses on Monday, nearing lows of last month, as Alcoa stumbled on a brokerage downgrade and as Citigroup said it would cut over 50,000 jobs. The Dow Jones Industrial Average fell 233 points, the Nasdaq Composite lost 34...
AP Executive Morning Briefing

News Source: Miami Herald | about 1 year ago

The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue. Yahoo Inc. founder Jerry Yang has never...
Obama may inherit half of $700 billion bailout

News Source: The Washington Times | about 1 year ago

Paulson Jr. on Monday signaled that he will leave at least half of the $700 billion Wall Street bailout fund for the incoming Obama administration to spend, as skeptical lawmakers received their first update on the massive rescue plan approved last...
Strings urged for Big 3 aid

News Source: The Journal Gazette | about 1 year ago

Sen. Richard Lugar, R-Ind., is skeptical about a rescue package for the U.S. auto industry. Sen. Evan Bayh, D-Ind., wants strings tied to any government aid and that using money from the financial sector bailout is the quickest way to prop up the Big...