Pelosi: We’ll Run Roughshod over Republicans
In previous years, Democrats promised to run the Congress in a bipartisan way, and they complained that George Bush stoked fears in order to squelch debate and suppress dissent. Things have really changed. This is from Pelosi’s opening speech of the new Congress (yesterday), in which the Speaker sets the tone for the two years ahead: I wonder what the punishment is for those who | Read More »
House Liberals Firmly in Control
Meet the new boss, same as the old boss: House Democrats tentatively plan to repeal term limits for committee chairmanships when the 111th Congress convenes on Tuesday, according to senior House aides. The result would remove one of the signature reforms from the 12-year House Republican rule and likely would cause angry debate during the usually ceremonial opening day festivities. Although the prospective rules change | Read More »
Do Democrats Want to ‘Own’ the Economy?
It’s hard to find an economist or prognosticator who thinks that the economy is going to turn around quickly. It seems today that the 2010 election may be a referendum on what Barack Obama and Congressional Democrats do to restore economic growth. But rather than try to ensure that Republicans share the responsibility for the economy, it seems today that Democrats are eager to make | Read More »
Nancy to Rahmbo: Keep Your Hands to Yourself
You have to hand it to Barack Obama: he can separate the wheat from the chaff. So rather than bring Harry Reid or Nancy Pelosi into his administration, he selected Tom Daschle and Rahmbo. In each case he eschewed the titular leaders with a reputation for being somewhat hamhanded, in favor of the shrewder powers behind the throne. Both Emanuel and Daschle can be counted | Read More »
GM Vice-Chair: Bailout Can’t Work
There’s so much to hate about the proposed bailout of the Big 4 automakers (GM, Chrysler, Ford, and Tesla), that you can occasionally be forgiven for forgetting some of the problems with the idea. The Journal’s Holman Jenkins points out the most basic flaw: it can’t work. Leave it to Bob Lutz, GM’s voluble vice chairman, to puncture the unreality of the auto bailout he himself | Read More »
Big 3 Bailout Unlikely?
Blackhedd has given an excellent analysis of where the Big 3 bailout stands, and why Congressional leaders are having a hard time building support for quick action. It therefore should come as no surprise that House Majority Leader Steny Hoyer is now warning automakers that Congress will not act unless leaders reach a bipartisan agreement in the next few days: House Majority Leader Steny Hoyer | Read More »
Barney Frank: Big 3 Will Need Lots More Money
NPR’s Morning Edition featured a very interesting interview with Chairman Barney Frank this morning. In it he asserted that the $25 billion that the Big 3 is now seeking is definitely not enough to keep the companies going, and it will be followed by tens of billions more if the companies come up with a ‘plan’ that seems promising. Although if you listen to the | Read More »
Democrats Lack Courage of their Convictions: Chapter 227
The Wall Street Journal’s Kimberly Strassel injects a necessary dose of reality into the debate over what to do about the Big 3. She reminds us that the same Democrats who sanctimoniously remind us that ‘something must be done’ to save the U.S.-based automakers, refused to do anything when they had the chance: Democrats have been trying to shuffle money to Detroit since summer, but | Read More »
Transforming the Big 3
Barack Obama and the Congressional Democrats are clearly determined to extend Detroit a ‘loan’ that runs into the tens of billions of dollars, and which seems unlikely ever to be repaid. But as the Bush administration negotiates with Congress over the package, it’s clear that Democrats in Washington don’t want to ‘save’ the automakers. Rather, they want to run a car company and ensure that | Read More »
Tags: Barack Obama
, Barney Frank
, Big 3
, General Motors
, green cars
, Harry Reid
, Nancy Pelosi
The Big Three Pass the Plate
Representatives of the UAW, Ford, Chrysler and GM met today with Speaker Pelosi to outline their interest in a big new pot of taxpayer money: Lawmakers jump-started a $25 billion direct loan program for automakers as part of the continuing resolution (PL 110-329) signed into law by President Bush earlier this fall. It remains unclear, however, when those funds will begin to flow, a situation | Read More »
Is John Murtha Circling the Drain?
John Murtha is in the race of his life against Lt. Col Bill Russell. He’s desperate for cash and he’s begging for help from any Democrat who will listen. According to Roll Call($), there’s at least one Democrat who wouldn’t spit on Murtha if the latter was on fire. That would be Steny Hoyer, who defeated Murtha for the post of Majority Leader in the | Read More »
Are House Democrats Covering Up Crimes?
House Democrats have washed their hands of Congressman Tim Mahoney (D-FL) as quickly as their Republican predecessors disowned Mark Foley (R-FL). But where Denis Hastert, John Boehner and other Republican leaders were hounded by questions about what they knew of the Foley matter, the press is giving Nancy Pelosi, Rahm Emanuel, Chris Van Hollen and others a free ride.