Monday, November 23, 2009

Nation & World

News Buzz: Democrats Urge Aid for Detroit's Car Makers; Gay Marriage in Connecticut

Posted November 12, 2008

Democrats Urge Aid for Automakers

Democratic lawmakers are urging Congress to save the car industry before it crumbles—which, according to at least one auto giant, could be soon. General Motors said it's significantly worried that it will run out of money by year's end, although it continues to insist that filing for bankruptcy is not an option. Yesterday, its stock dropped to its lowest point in 65 years. In response, Democrats are fighting for what House Speaker Nancy Pelosi calls "emergency and limited financial assistance." The funds would come from the $700 billion bailout. But not everyone is sure that the remaining $60 billion of the first $350 billion in funds should be used to help more ailing industries. And other questions about the bailout remain, like whether the government is being tough enough on the banks it's helping, or if homeowners struggling with foreclosures are getting necessary help. Critics and supporters alike are hoping that Treasury Secretary Henry Paulson's speechtoday will help assuage these concerns.

Wedding Bells for Gay Couples in Connecticut

Town clerks in Connecticut were told today that they can start issuing marriage licenses for same-sex couples after a judge's ruling. Connecticut's Supreme Court ruled 4 to 3 in mid-October that gay couples should be able to marry. But, in the month since, gay marriage advocates had cause for concern. One threat was a ballot initiative last week, asking Connecticut voters if they thought a convention should be allowed to amend the state's Constitution—a move seen by many as a precursor to an initiative against gay marriage. The measure failed. But gays suffered setbacks nationwide, with voters striking down gay marriage in California, gay adoption in Arkansas, and passing constitutional amendments to ban gay marriage in Arizona and Florida. In the wake of those defeats, the move in Connecticut is a particular triumph—one marked, by some of the eight couples who challenged the state law prohibiting gay marriage, by happy tears.

War in Congo Might Widen

Angola said today that it's mobilizing troops to send to Congo, a move that will very likely expand the war beyond Congo's borders to other central African nations. Angola didn't clarify what the troops' mission would be, or even if they'll act as peacekeepers or try to prop up the Congolese government against the rebels. But one thing seems likely: Rwanda, which fought Angola during the 1998-2002 war in Congo, will see it as a provocation. And it could escalate a war that has already had devastating effects, driving 250,000 people from their homes despite calls for an immediate cease-fire by southern African leaders and U.N. Secretary General Ban Ki-moon.

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Reader Comments

Let them Fail

I agree with all the other readers. Failed policies, fat pay checks for executive and the inability to compete in a global economy.

I have a F150 2005 Ford truck and the transmission support piece tore out a screw I was told it was out of warranty. If I am out of warranty when the rivet shows it clearly was a bad design than ford, chrysler and GM needs to rethink customer service as I will own a Honda in 2009 and never buy another U.S product.

I hope the auto industry learns we are no longer their pawns and we have the right to choose the beeter products.

Let them learn a lesson rather than the same old same old policies. No more fat pay check for these Fat Cats.

RD

No Bailout help

As sad as it is, I say to let them go bankrupt. By doing so this will allow them to restructure, negotiate new contracts, and finally build some decent cars that people will buy. I personally do not want to contribute my hard earned tax dollars to any of the big three. For many years they produced sub par autos and lived off of the profits. The consumers got wise and chose better quality autos and now the big three want help. If I wanted to help I would have bought one of their autos.

I would imagine that the taxpayers will be bailing these fatcats out, and the CEO's will receive their huge bonuses for failure once again, however it won't help because they will employ the same failed practices to their business.

Let them FAIL

How insane is it to give billions to a company with the same management and same goals?

I say let them FAIL!!!

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