McConnell: No Senate Vote Today on Auto Bailout

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Mr. Mcconell:
What gave the courage to vote against the auto loans? If I were to make such a decision I would not be able to sleep at night. You and your fellow Republicans have made a big mistake which will put this country in a DEPRESSION. Your motives are clear you are trying to bust the unions in this country because they voted Democratic. Just watch MSNBC and you will get the whole story. I am sadden over the decision you made today because it may put my family into the unemployment line. So thank you for thinking about the little people all over this country and not just the people in your state.
From a fellow American who loves this country.

stacy of OH 9:01PM December 12, 2008

I am angry that Senate Republicans consider a Wall Street Bail out appropriate but balk at providing a BRIDGE LOAN to help 3 million AMERICAN auto workers. Call it what you will but I call it UN-AMERICAN. If you feel that the UAW workers are paid too much please check your facts: http://mediamatters.org/items/200812060002. Or, if you don't like that source just Google American auto workers wages vs American Honda/Toyota worker wages.
Yes, I blame the management of the big 3 for this mess but do not punish the workers because of the failure of management. Don't throw out the baby with the bathwater.
A loan is a loan is a loan...as to who gets BAILED out next - maybe you and I if this recession becomes a depression - or perhaps not if this kind of partisanship continues. The message I get is that they care more about Wall Street and less about people like me.
Once again we see where their priorities lay - Not with what I care about.

Karen of CA 4:05PM December 12, 2008

Apparently Mr. Mcconnell is dazed and confused since the election. Or maybe he is just angry because he was almost swept up in the Obama Sunami. He and other upstanding Republicans just recently voted to provide the biggest corporate welfare check in history to Wall Street. By the way some of the Wall Street giants took a business as usual attitude and scheduled golf junkets after they got TAXPAYER MONEY!
Now we have corporations that have deep tentacles in a lot of working class communities....and also affects not just the UAW members that he so viciously loathes but none represented workers as well. So to get back at the UNIONS that went after him he will sacrifice a whole industry and thousands of american workers. I hope the working people of Kentucky that voted for him and are affected by his vendictiveness are watching.

JE Price Jr of MD 2:38PM December 12, 2008

Now that the auto bailout seems doomed I wonder who is next to go to Washington with tin cup in hand begging for taxpayer dollars. How about the millions of people out here who have lost trillions in the stock market due mainly to poor management,and greed. My wifes IRA has lost nearly $60,000.00 since this sub-prime mortgage mess has affected the stock market yet no one seems to give one hoot about us. What we need is a 10,000,000 man march on Washington to send a message to the polititcians that there are people out here who have done everything right,paid all bills on time, pay their taxes honestly and on time only to see their savings accounts depleted.

of AZ 7:49AM December 12, 2008

If they don't bail out the auto industry, millions of people will loose their jobs when the big 3 collapse which means less people spending money which means less money for companies which means more layoffs. Where does it end? The financial institutions will also be hit again because they will not recover the debt owed to them by the auto industry. The damage caused by the industry, the financial institutions and our economy being so interdependent is a sunk cost. We should take measures now to prevent this in the future but we cannot consider those costs for the current investment in our economic system. Quit trying to figure out who was at fault and start thinking logically. Greed is to blame and it seems to me that most of our politicians today are greedy, but it is also our fault for continuing to elect them.

Murtagh of GA 12:47PM December 11, 2008

I don't believe it will matter how many trillions of dollars we stick into the auto industry,or what changes the Big 3 make. People are "NOT" buying new cars.
I can afford to pay cash for a car or truck and I am hanging on to my money. I have talked to dozens of people and they feel the same way. People are cautious.
There are too many crooked people out there that have misused funds, it's downright scary. Where will the fraud and greed end. Illegal immigrants have taken over our jobs locally. They are willing to work long hours for practically nothing. All the good paying jobs that have been shipped over seas because of greedy over paid CEO's.
Using our money to bail them out means we will have less money to purchase anything, much less a new vehicle. We are not kidding ourselves, middle Americans will be taking it in the shorts again. What happens when there is no more money in middle America? Who is going to pay the bill then? China? Mexico? Thailand? Indonesia?
VOTE NO!

PAT of WI 11:18AM December 11, 2008

Get over it Ricque. The democrats were as much involved with this mess as any group. Fannie/Freddie were democrat beasts. The banks were practically forced to sell these bad loans by the likes of Barney Franks, Chris Dodd, Nancy Pelosi.
Your revered democrats were in-charge for the last two years and they have done nothing except to promote themselves.

Nick Danger of CO 9:30AM December 11, 2008

The House bill is just another name for bankruptcy. If they do everything the House requires, it would be the same as claiming bankruptcy. Except, the House and Congress would be the bankruptcy judge. It is pitiful, and I am sick of this mess.
They did not pass a bill today, and guess what...the sky did not fall!

a edwards of MI 11:52PM December 10, 2008

Why are the republicans concerned about oversight with the Big 3? Where is the bank czar to keep them from funding exorbitant spa vacations with their bailout money? Is it because the republican senators are in bed with the bankers but not the middle class blue collar worker?

Ricque Roberts of IN 9:15PM December 10, 2008