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Political News and Commentary from the Right

Sen. McConnell (R-KY) Statement on Failure of Auto Legislation

from the Office of Senator Mitch McConnell

Thursday, December 11, 2008

‘The sticking point that we are left with is the question of whether the UAW is willing to agree to a parity pay structure with other manufacturers in this country by a date certain… It is upon that issue that we’ve reached an impasse.’

WASHINGTON, DC – U.S. Senate Republican Leader Mitch McConnell made the following statement on the Senate floor on Thursday evening regarding the state of auto legislation:

“This has been a challenging exercise for everyone involved on both sides.

“We all remember, just a couple of months ago, we were called upon to rescue the American financial system. At the end of the day, after a few fits and starts, 74 out of 99 senators present thought it was a good idea to do that.

“It was a vote that we all proudly cast from our individual seats, and most of us supported it. It was a broad bipartisan vote supported by the two Presidential candidates as well.

“Now we’ve moved into a very tricky and challenging area and that is a sort of industry by industry rescue. And we’ve had before us the whole question of the viability of the American automobile manufacturers.

“None of us want to see them go down but very few of us had anything to do with the dilemma that they’ve created for themselves.

“And so the question was: is there a way out?

“The Administration negotiated in good faith with the Democratic Majority a proposal that was simply unacceptable to the vast majority of our side because we thought it, frankly, wouldn’t work.

“Into this breach stepped the Junior Senator from Tennessee who, I must say, has made an extraordinary impact in a very small amount of time. I’m hard-pressed to think of another member who’s been here such a short period of time who’s made such an impression on colleagues on both sides of the aisle by mastering an extraordinarily complicated subject and being able to explain it in a way that is understandable.

“And he has diligently pursued an agreement that could pass, that could enjoy broad support on both sides. And he has made great progress in that direction.

“The sticking point that we are left with is the question of whether the UAW is willing to agree to a parity pay structure with other manufacturers in this country by a date certain. And I understand their reluctance to do that.

“So far in the discussions that Sen. Corker and Sen. Dodd and others have had, they have not been willing to give a date specific by which parity could be achieved.

“It is upon that issue that we’ve reached an impasse for the moment.”

###

December 12, 2008 Posted by | Bailout | , , , , , , , , , | 1 Comment

Sen. Tom Coburn (R-OK) Press Release on Gov’t Waste

Coburn Report Highlights Worst Waste of 2008

Report Includes More Than $1.3 Billion in Pet Projects, Frivolous Grants and Other Ridiculous Spending

 

December 12, 2008

(WASHINGTON, D.C.) – U.S. Senator Tom Coburn, M.D. (R-OK), ranking member of the Subcommittee on Federal Financial Management, today released the oversight report “2008: Worst Waste of the Year.” The look back on 2008 features absurd federal spending from beltway bureaucrats and elected officials. To view the entire report click here.

“As we look back on federal spending for 2008, American taxpayers will laugh, and then cry at how their elected officials spent their hard-earned dollars. Not even these tough economic times have dulled Congress’ ability to find new and creative ways to waste taxpayer dollars,” Dr. Coburn said.

Examples of waste in 2008 include:

• $188,000 for Lobster Institute in Maine, home of the “LobsterCam”

• $1 million for bike paths on Louisiana levees while levees await basic repairs

• $2.4 million for a retractable shade canopy at a park in West Virginia

• $24.6 million for the National Park Service’s 100th year birthday in 2016 – 8 years early

• $3.2 million on a blimp the Pentagon does not want

• $367,000 wasted by a Texas school board on items like an inflatable alligator and under-the-sea waterslide, among other things

• $5 million for a bridge to a zoo parking lot in St. Louis

• $9,000 for a non-functioning airplane-shaped gas station in Tennessee

• $300,000 for specialty potatoes for high-end restaurants

“The waste highlighted in this report is only a fraction of the more than $385 billion the federal government throws away every year through waste, fraud and duplication. Yet, each example in this report is a snapshot that tells a larger story, just as the Bridge to Nowhere justifiably became a symbol of the corrupting nature of earmarks. The story the American people already understand is that Congress’ inability to make common sense decisions about spending priorities is putting our children’s future at risk. Until Congress abandons the short-term parochialism that gives us LobsterCams and inflatable alligators, we will never get a handle on the major economic challenges facing this country,” Dr. Coburn said.

December 12, 2008 Posted by | Conservatism | , , , , , , , | 1 Comment

Senator David Vitter (R-LA) Press Release on Bailout

Vitter Outlines Opposition to Auto Bailout Proposal

December 12, 2008 

(Washington, D.C.)– U.S. Sen. David Vitter today offered several alternatives to the auto bailout package being considered this week by Congress.

“Yesterday I announced two conclusions that I had reached on this bailout proposal: First, that I could not support this bailout in its present form and second, that I would use every possible procedural tool to delay or block a vote on its passage.  I continue to oppose this package today.

“I am not for doing nothing.  We cannot afford to simply pack up and go home because so much is at stake if we don’t take appropriate action.  I believe that if we are to do something, however, it should be the right thing.  There are two proposals being developed and discussed that I could support.

“One proposal by Senator Bob Corker would require that these companies reduce their outstanding debt by 2/3 and they bring their labor costs and work rules more in line with companies like Toyota, Nissan and Honda to make themselves more competitive.  This proposal would also require a change in UAW/VEBA payments, converting some to stock and providing employees with a real stake in the future of these companies.  Finally, it would require that all compensation beyond regular severance pay would end.

“I also support a formal bankruptcy process with help from the U.S. government. Automobile warranties would be backed up by the full faith and credit of the government with debtor financing available if necessary.  There are some who say that a declaration of bankruptcy would amount to disaster.  This is baseless fearmongering – there is another way.  We can demand fundamental, core restructuring and bring about real change in these companies, instead of simply throwing billions of dollars at them with no clear plan in hand.

“I urge my colleagues on both sides of the aisle to come together in a bipartisan manner and say yes to real restructuring.  If we are truly serious about helping these companies survive, we need to help ensure they can effectively compete in the marketplace,” said Vitter.

December 12, 2008 Posted by | Bailout | , , , , , , , | Leave a comment

Senator Jim DeMint (R-SC) on Bailout

The Senator says it better than I can so I’ll let him do the talking!

Watch the interview.

Thanks Senator for standing up for those of us who don’t want to see the USA transformed into the USSA!

UPDATE:  Okay, I still couldn’t get the video from the Senator’s website to embed on WordPress, but I did find the following video on YouTube that I can put up.  It’s also a great statement by Sen. DeMint.

The more I see and hear of him, the more I like him!  Thanks Senator for standing up for our conservative values!

December 12, 2008 Posted by | Bailout | , , , , , , , , , | 20 Comments

Press Release From Senator Ensign on Bailout

December 12, 2008

ENSIGN: TARP OPTION UNDERCUTS NEGOTIATIONS

Washington, D.C. – Senator John Ensign today called on the White House to take the option of using the Troubled Asset Relief Program (TARP) funds for the auto industry off the table.  Ensign led efforts in the Senate this week to stop the White House-Democrat auto bailout legislation because it took experts out of the process, injected politics and failed to require the necessary changes to make the Big 3 auto companies competitive over the long term.

“During debate last night and throughout negotiations, the Senate was only a few steps away from finalizing a deal,” said Ensign.  “By keeping the TARP funds as a last option, the White House significantly undermined any potential negotiation.  With TARP as a backstop, the concessions that had to made could not be taken seriously.”

Today, Ensign urged the White House to take the TARP option off the table and allow for the Senate to continue negotiations on a bill that will make the Big 3 automakers competitive over the long term, which will benefit the economy, American jobs and the auto industry.

Along with Banking Committee Ranking Member Richard Shelby, Ensign drafted an alternative bill that would have provided government backing to car warranties for the Big 3 if they went into bankruptcy and would have provided debtor-in-possession financing also contingent upon bankruptcy.  Instead of putting authority on a so-called “car czar,” Ensign and Shelby’s bill would have relied on the experts in the bankruptcy process.

“A car czar injects politics into a process that needs experts,” said Ensign.  “If we are serious about making these companies stronger over the long term, we need to have experts make these decisions outside of Washington, D.C., politics.  We owe it to the tax payers to be both responsible and effective.”

December 12, 2008 Posted by | Bailout | , , , , , , , , , | 1 Comment

Blagojevich, a victim?

According to NBC’s Lee Cowan he is!  Take a look.


NBC’s Lee Cowan: Blagojevich ‘Fell Victim to History’

Certainly delivering a unique take on the Blagojevich case, in a Thursday night story on why Illinois politics are so corrupt, NBC reporter Lee Cowan characterized the Governor of Illinois as a politician who “fell victim” to Chicago’s political machine. Apparently, corruption was just irresistible. Cowan contended: “The Windy City is a political stew of characters, a cast of players that even Hollywood would envy. Governor Rod Blagojevich is just the latest squeaky wheel in Chicago’s political machine. Although he promised to be different, he fell victim, prosecutors allege, to history.”

…(Read full story)


What?!?!?! 

This is proof positive of the liberal bias that exists at NBC!  They just can’t bring themselves to paint a liberal in anything but a positive light, even one as crooked as Blago obviously is.  The simple fact is, Cowan would rather have a liberal criminal in public office than an honest conservative!

December 12, 2008 Posted by | Corruption | , , , | 1 Comment

Wall Street tumbles as auto rescue bill dies in Senate

That’s what the link on Yahoo’s front page says anyway.

However, the article it links to is titled with the toned down headline:

Stocks extend losses amid worries about automakers

More liberal crap from the media.  They just can’t stand it that the DOW isn’t crashing after Senate Republicans refused to embrace Socialism last night.  After the failure of the “American Socialist Experiment Act”, Senate Majority Leader Harry Reid (D-NV) predicted doom for the US markets today.

The White House and Treasury Department are acting as if the country will implode if one or more of the Big 3 goes BK.  That’s ridiculous!  And the liberal media is enjoying every minute, working hard to set the stage for a revolt against the Republican Senators who stood their ground and refused to embrace the Dems’ and Bush’s Socialist efforts.

These companies need to file for bankruptcy and reorganize with a business model that can be competitive in todays market!

This bailout is a temporary fix, if it’s a fix all.  It’s like putting a bandaid on a severed arm.  The bailout backers will be able to say they’ve done something, but nothing real will be accomplished.  GM should have seen this coming earlier this year, but did nothing to prevent it.  This article in May reported GM burning through it’s cash at a rate of $1 billion per month, and that’s before things really tanked!  It’s probably been a lot worse for several months now.

Ford is the only one of the Big 3 not trying to suckle the taxpayer tit and that’s because it’s been working to reorganize for the last 2 years–without a cash infusion from taxpayers.

This bailout will only delay the inevitable.  Until GM and Chrysler make real changes, totally reinvent their business model, they’ll be coming back to the trough time and again.  The only way they’ll make those changes is if they’re forced to through BK–the sooner the better!

As I conclude the writing of this post, the DOW is currently down only 75 points. 

Not quite the catastrophe the liberals predicted.

December 12, 2008 Posted by | Bailout | , , , , , , , , , , , | 6 Comments

Time for Another Round–No More Bailouts, Period!

Time to marshal our forces once again folks!  Call and email the White House today and let it be known that we don’t want the unsustainable automakers sustained at taxpayers’ expense!


White House considers help for car makers

By KEN THOMAS and JULIE HIRSCHFELD DAVIS, Associated Press Writers

WASHINGTON – The White House said Friday it will consider using the Wall Street bailout fund to prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by President Bush and congressional Democrats.

…(Read full article)


Keep up the pressure and don’t forget to thank conservative Republicans who did their part!

December 12, 2008 Posted by | Bailout | , , , , , , , , , | Leave a comment

Still No Big 3 Bailout….yet

Great job folks!  Evidently your pressure on U.S. Senators is encouraging those opposed to transforming the USA into the USSA (United Socialist States of America) to stand their ground.  Let’s keep it up.

Continue to call, write, and email US Senators who refuse to reward corporate irresponsibility and subsidize incompetent management.  They need to know we stand with them.

 


 $14 billion auto bailout dies in Senate

By JULIE HIRSCHFELD DAVIS and KEN THOMAS, Associated Press Writer

WASHINGTON – A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.

…(Read full article)


Here again is our “Gang of 6” who’ve publicly announced their opposition to the bailout.  Be sure to let them know it’s appreciated.

Sen. John Ensign, R-NV

Senator Richard Shelby, R-AL

Senator Jim DeMint, R-SC

Senator David Vitter, R-LA

Senator Tom Coburn, R-OK

Senator Mitch McConnell, R-KY

December 11, 2008 Posted by | Bailout | , , , , , , , , , , , | Leave a comment

Criminal Democrat Refuses to Leave…

Gotta love this!

Hopefully this idiot will help a Republican take Obama’s seat.

 


Blagojevich on the job despite calls to quit

By Michael Conlon and Andrew Stern

CHICAGO (Reuters) – Illinois Gov. Rod Blagojevich clung to his office on Thursday despite mounting pressure to quit, including a renewed call for his resignation from an “appalled” President-elect Barack Obama.

The 52-year-old Democrat left his home in Chicago, once again eluding a news media crowd waiting outside, driving to an undisclosed location two days after he was charged with trying to shake down people for political favors.

At the same time Obama was telling reporters at a news conference elsewhere in Chicago that he had ordered an investigation to find out what if any contacts his staff had with Blagojevich before the governor was arrested on Tuesday and later freed.

“I had no contact with the governor’s office. I did not speak to the governor about these issues. That I know for certain,” Obama said.

…(Read full article)

December 11, 2008 Posted by | Corruption | , , , | Leave a comment