McConnell Not Ready To Sign On To Auto Industry Rescue Plan

WASHINGTON (AP) - Senate Republican leader Mitch McConnell is
among those who aren't ready to sign on to the auto industry rescue
plan. He said his side hadn't seen it as of this morning, and won't
agree to immediate votes. He says the GOP "will not allow
taxpayers to subsidize failure." But he says the auto situation
will be addressed by the end of the week.

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  • by steve on Dec 11, 2008 at 03:01 PM
    Whats really funny is gm sold 9 million cars and went 9 billion in debt and Toyota sold 9 million cars and made 9 billion look it up yourself somethings not right here. you cant keep bailing out a boat full of holes get over it whiners.hey bail out every body else they would like to see someone bail them out.
  • by Kerry Location: Lexington on Dec 11, 2008 at 10:01 AM
    I find it hilarious Bruce Lunsford in his campaign ads criticized Mitch for voting to bailout Wall Street yet now the same group of dems wants him to bailout the auto industry. People- you can't have it both ways. Either you believe in the concept of bailing out companies to save the economy or you don't. Whether it's AIG or Ford, they're all big wasteful dinosaurs with overpaid execs. If you're for bailing out 1 segment but not the other, you're a hypocrite.
  • by Jeb Location: KY on Dec 11, 2008 at 08:50 AM
    I wonder if Mitch voted yes to the bailout of AIG and if he has stock in AIG like a large portion of lawmakers do? Lawmakers haven't taken AIG to task for already misspending the $152 BILLION they were given. Retention pay in upwards of $4M per individual??? Kind of funny how our lawmakers support the industry that benefits them personally but not others that benefit the average worker.
  • by Steve Location: Prestonsburg on Dec 11, 2008 at 08:40 AM
    Toyota bought him off. Afterall only 10% of their profits goes back to American stockholders vs 80-90 of American owned companies. And no... I'm not saying Toyota isn't good for Kentucky's economy at all because it is.... show me a politician who doesn't get cash or favors for decisions they make.
  • by Jenna on Dec 11, 2008 at 04:29 AM
    Mitch needs to finish payiny off his two millon dollar campaign debt.---it still shocks me that KY voters could actually cast a vote for this person we call senator.
  • by CRYSTAL Location: KNOTT CO. on Dec 10, 2008 at 08:43 PM
    Mitch baby just open your mouth when you talk.(double LOL)
  • by John Location: Hazard on Dec 10, 2008 at 07:09 PM
    I think it would be a huge mistake to not loan the money to the auto companies. If they let these companies fail the wall street bailout will seem like something small. The economy will freefall and get ready for a great depression. There are more people that work at support companies for the manufacturers than work at the auto plants. This affects about 50,000 jobs in Ky alone. If the Big 3 fail it will put 3 million people out of work and the country will fail with them. I did not see the Senate grill AIG when they gave them 150 Billion with no stipulations at all. They just wrote a blank check. It is really sad to see McConnell who I have supported every time he has ran turn his back on a state with 4 auto factories and countless suppliers. Politics is a terrible thing....
  • by G Girl Location: Lexington on Dec 10, 2008 at 07:08 PM
    I can not belive he is not on board with this. Doesn't he understand how many jobs in KY depend upon the auto industry. Maybe if someone told him that it would make a difference. Good thing I did not vote for him
  • by steve Location: irvine on Dec 10, 2008 at 04:57 PM
    Don't do it Mitch its nothing but a lying liberal scheme its nothing but a union bailout get the thugs out of businesses and they would run great. Yea its amazing that all these democrats are going to jail after the election what a bunch of Hypocrites justice is on its way boys!
  • by GRUMPY on Dec 10, 2008 at 03:59 PM
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