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Sunday, November 16 2008 1:35 PM
  • It's 'pretty clear' a proposal to lend automakers $25B from the Treasury's $700B fund will fail, Republican Sen. Jon Kyl says. He accuses Democrats of trying to score points by pushing the bill now when it has no chance of passage. (previously)
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This news story has 4 comments:

  •  
    Nov 16 03:40 PM
    This bailout better succeed. I need the Knight Rider to survive :)
    dhantube.com
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  •  
    Nov 16 05:13 PM
    I am so tired of hearing people say if the automakers fail there will be over 1 million unemployed, that's just stupid. First chapter 11 doesn't close their doors, they continue making cars nobody buys but they get to re-negotiate their debts, eliminate some factories, yes, layoff some employees and re-do some contracts. They could also sell some factories, plants and equipment to other companies that need it and stop being a large HMO for union employees. OH that's it, the unions are against it, now I understand. Chapter 11 is best for everyone except the union, so it should be allowed to happen.
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  •  
    Nov 16 06:07 PM
    yes! thank you thoroughbred
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  •  
    Nov 16 11:42 PM
    Pelosi is an idiot who can't help inept self promotion. The dog and pony show in D.C with the auto CEO was a perfect example.This 25Bill would be a payoff to the unions for the 100mill the donated and for the votes, If Bush allows this to pass he will seal his fate as the biggest dummy in the world. The Dems will tack the 25billion onto his tab and when it fails,as it will, to ressurect the ex big three he will be blamed.Let Toyota ad Honda pick up whats left after GM and Ford go through bankruptsy, then merge. New management is needed to streamline cut waste and delete 60-75% or redundant brands and models. Current CEO of all american auto are incapable. As for Chrysler noboby in there right mind would buy one. Good styling bad engineeering and no resale value.
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