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Originally Posted by August
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Originally Posted by PeriscopeDepth
I believe he is diverting money from the already passed $750 billion bailout. But while the auto bailout has many elements of the one the House passed, it never got past the Senate. And therefore never made it to Bush's desk.
PD
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He still has to be doing it with the Congressional leaderships approval (as well as that of the President-Elect) or they could block him.
Unfortunately it would be all too typical of Congress to abrogate their constitutional responsibilities in this manner. |
That does not matter. The president is acting on his own. Congress shut down the bailout bill period.
Yes they could turn around and say "Oh hell no" or "Oh hell yes!" but that has nothing to do with the fact that president Bush is following through with a threat to do the bailout on his ground if the repubs in congress failed to support the bailout.