Is Bankruptcy the Best Option for the Auto Industry? Will Hillary Clinton Be a Team Player? And Joe Lieberman Keeps His Chairmanship
Our daily look at stories and topics that are lighting up the Internets:
Bankruptcy or Bust
In the Washington Post today, Harvard economist Martin Feldstein explains why the solution for the auto industry is to file for bankruptcy. A Commentary magazine blogger agrees that bankruptcy might be the "easiest course" and the best option, both fiscally and politically, for the Obama administration. Liberal bloggers contend that consumers won't buy from an automaker in bankruptcy and that neither bankruptcy nor a blank check is the solution. A RedState blogger discusses the future of GM and what bankruptcy would do for the company.
Can Hillary Be Trusted on the Obamaland Team?
Conservative bloggers happily report that the notion of Hillary Clinton as secretary of state is "roiling Obamaland," but Greg Sargent at TPM thinks people in Obamaland view her as "enough of a genuine team player." Conservatives also say Obama should be "wary" of Clinton as she could undermine him to further her own goals, but Political Animal agrees with Sargent and says of Clinton, "Of course she's a team player." A RedState blogger wants to know why Clinton deserves the post.
Dems and Lieberman Kiss and Make Up
The Senate Democratic caucus meeting today went as expected—Joe Lieberman was not stripped of his chairmanship of the Homeland Security and Governmental Affairs Committee, losing only his position on the Environmental and Public Works Committee (which isn't much of loss, according to Political Animal). Liberal bloggers, as expected, can't believe that Lieberman got away with his "offensive conduct" and think the caucus will regret it. Chris Cillizza at The Fix explains how Lieberman managed to get off scot-free. TPM has post-vote quotes from Howard Dean and details on how the senators voted. Our Robert Schlesinger, writing on the Thomas Jefferson Street blog, wonders what the Democrats will do to Lieberman when no one is paying attention.
—Gretchen Hannes
Reader Comments
the big three automakers
chapter 11 is used to restructure failing companies. It would be the best thing for them . The airlines did it so can the autoworkers.The big three just doesnt grind to a halt in a bankruptcy . The CEOS and management benefits do ! I think the big hurry is the christmas bonus checks. they will not get any of these benefits in chapter 11 bankruptcy court. But they will with federal bailout money. For example AIG how many executive junkets they have been on since recieving bailout money ?. Millions of dollars worth and christmas bonuses and other benefits go out next month on the taxpayers back. I'm in the construction industry much larger than the big three combined we are getting no help from the BANKS and none from SBA so what do we do ? WE DEAL WITH IT AND REMEMBER WHO DIDN'T HELP US.WE ARE AMERICA THE STRONG AND WE DONT NEED HANDOUTS FROM TAXPAYERS ! BECAUSE WE ARE THE TAXPAYERS!
It would be nice for the president to cut interest rates on all home mortgages to four percent ( one house per family ) This would stabilize the whole industry and penalize the GREEDY BANKS WHO ARE BENEFITING FROM THE TAXPAYERS BACKS ( BAILOUT MONEY ).
Sometimes Solutions are so Simple you just don't see them.
Hillary
Obama had better keep his guard up - Hillary is not a team player, nor is Bill. Thay have their own agendas - making themselves look good.
It will be interesting to see if she can just be Secretary of State - implementing Obama's plan - not her own. She would report to him, and would have to take a back seat to him at public functions, etc. I'm not sure she knows how to do that. Correcting her could be very sticky if she does take the position.
No problem having a council of enemies. But empowering them all with leadership roles could easily lose control. Obama needs to create the government HE campaigned for - not re-institute a Clinton team. I personally voted for him because he WAS NOT HIllary. She is talented, but has personal commitments made in the Middle East that would impact the world's view of her as impartial.
Free challenge is the key to a strong country or a company
I think america is a free and leberal country and he know the free challenge is the key to a strong country or a successful company , so it should not think a little to keep other country's atuo off
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