Dec 5, 2008

Congressional Dem's agree to short-term automaker bailout.

As seen on Rachel Maddow's show tonight, the Democratic Congress critters have agreed on a short-term rescue plan for the Big Three automakers. From the NYT writeup:
Faced with staggering new unemployment figures, Democratic Congressional leaders said on Friday that they were ready to provide a short-term rescue plan for the cash-strapped American automakers, and expected to hold votes on the legislation during a special session next week.

Details of the rescue package were not immediately available but senior Congressional aides said that it would include billions of dollars in short-term loans to keep the automakers afloat at least until President-elect Barack Obama takes office.

Barney Frank was on Rachel Maddow's show tonight discussing the agreement between the Dem's. Frank pushed the fact that this is a LOAN...not a bailout. They are going to use monies that are available already for other vehicle projects, like fuel efficiency.

I am confident the news that over half a million Americans lost jobs in the last month helped them arrive at this decision. Video when it becomes available.


Today's, Picture.

It's moving day!!!!!!!!!!!!

I have purchased a domain name. I have been meticulously working on a new site,Leftwing Nutjob. Please change your bookmarks people..this puppy will no longer be updated as of July 1st 2011.