Thursday, November 20, 2008

Senate Working on UAW Bailout Compromise

Barack Obama's international crisis has hit before he even takes office.  The IAEA is now reporting that Iran has enough nuclear fuel for a weapon.

 

Apparently $700 billion wasn't enough for the financial industry.  They say they need another $1,000,000,000,000 to fully fix the credit markets.  McCain advisor Douglas Holtz-Eakin says that McCain's support for the original bailout was a mistake.

 

GMAC and two other lending companies are applying with the Federal Reserve to become bank holding companies.  That also makes them eligible for a portion of the bailout.

 

Earlier it looked like the UAW bailout is going to go down in flames.  Now, a few Senators have reached a bipartisan consensus on a plan.  Meanwhile, GM isn't even making reorganization plans to use in a potential bankruptcy.

 

One of Al Franken's lawyers, while trying to steal Minnesota's Senate election, pretty much called Democrat voters idiots.

 

Former Home Depot CEO Bernie Marcus says that retailers who don't fight against the Democrats "should be shot."  He's right in his statements on card check (which the unions are sure will pass), but shooting them is a bit extreme.

 

Barack Obama has named another member of his Cabinet:  Arizona Governor Janet Napolitano will be Homeland Security Secretary.

 

Republicans might have made a mistake in reelecting John Boehner to be their leader in the House.  He denies that the House Republican Caucus is moving to the right.

 

House Democrats took a big lurch to the left today, as they made Henry Waxman Chairman of the House Energy and Commerce Committee.

 

Senator Saxby Chambliss had his rally with the NRA in Perry yesterday.  Here's the wrap.

 

While Saxby was getting support from the NRA, Jim Martin was getting an endorsement from Bill Clinton.  I say the NRA wins.

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