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Auto Bailouts- They Just Keep Coming
WhatAreWeDoing
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11-1-2009 7:55 PM
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bailouts
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politics
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auto industry
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a86ab795-66b9-4f48-95f9-6c819ae1372e/345D9C2E-8FC1-40C5-A7A3-CFDA364E2FC8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.onenewsnow.com/Politics/Default.aspx?id=746298" href="http://www.onenewsnow.com/Politics/Default.aspx?id=746298" style="font-size: 11px;">www.onenewsnow.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Politics/Default.aspx?id=746298"><DIV id="StoryTitle" class="storytitle">Auto bailouts - they just keep a'coming<DIV id="reporter" class="reporter">Jim Brown - OneNewsNow - 10/30/2009 8:50:00 AM<SPAN><A target="_blank" href="http://www.addthis.com/bookmark.php"><IMG height="16" border="0" width="125" alt="Bookmark and Share" src="http://s9.addthis.com/button1-addthis.gif" /></A></SPAN></DIV></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Politics/Default.aspx?id=746298"><P align="left"><IMG hspace="3" height="96" border="0" align="right" width="135" vspace="3" src="http://www.onenewsnow.com/uploadedImages/Media/Images/FrontPageArt/GMlogo.jpg" alt="GM General Motors logo big" title="GM General Motors logo big" />GMAC, the financing arm of government-owned General Motors, is seeking a third multi-billion-dollar bailout from taxpayers.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Politics/Default.aspx?id=746298"><DIV>The Treasury Department is considering investing an additional $5.6 billion into GMAC, which has already received $12.5 billion in government funding. Former White House "auto czar" Steve Rattner said recently that the Obama administration's 61-percent stake in General Motors and its outstanding loans are worth only about $25 billion of the $50 billion loaned to GM.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Politics/Default.aspx?id=746298"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.onenewsnow.com/img/DCEDAC0B-BB4A-479B-8E8F-A3004C9921B1" alt="GM General Motors logo big" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.onenewsnow.com/Politics/Default.aspx?id=746298"><DIV> James Gattuso, a research fellow in regulatory policy at <A target="_blank" href="http://www.heritage.org/" title="The Heritage Foundation">The Heritage Foundation</A>, calls the latest bailout for the auto industry "outrageous."</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/345D9C2E-8FC1-40C5-A7A3-CFDA364E2FC8/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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