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Chaos Theory - Obama, Where's Our Bailout?
By Robert and Donna Trussell - Politics Daily...
More Chrysler Investors Describe Obama Hardball Tactics
By Mark Impomeni - Politics DailyThe White House is denying allegations made by Thomas Luria, an attorney who formerly represented Chrysler investors in negotiations with the company and the Obama Administration on the recently announced restructuring of the nation's third largest automaker. Luria said that the Administration threatened to use the White House press corps to ruin his client's reputation publicly if the group did not agree to go along with the Administration's proposed deal.Now, more Chrysler creditors are stepping forward to corroborate Luria's version of events, according to a Business Insider report. ...
Obama Clears the Way for State Regulation of Car Emissions
By Mark Impomeni - Politics DailyPresident Barack Obama announced today that his Administration would reconsider a Bush Administration policy which refused to grant California and several other states the authority to regulate emissions from automobiles and light trucks at standards tougher than those set by the federal Environmental Protection Agency. The decision could potentially mean that the already struggling U.S. auto industry will have to retool factories and revamp their fleets in order to meet a raft of new regulations in different regions of the country.Speaking from the East Room in the White House, President ...
Barack Obama Fiddling While Detroit Burns
By Mark Impomeni - Politics DailyAs negotiations in Congress over a prospective auto industry bailout drag on, one leading Democrat is criticizing President-elect Barack Obama for being essentially absent from the discussion. Rep. Barney Frank (D-MA), Chairman of the House Financial Services Committee, said that Obama has to engage on the issue if there is to be any hope of getting a deal done."[Obama is] going to have to be more assertive than he's been."Frank's comments come as lawmakers and the Bush Administration wrangle over how, and whether, to prop up the struggling auto makers. The White House wants to let the ...
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