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Old 12-19-08, 08:10 PM   #22
PeriscopeDepth
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Join Date: Jul 2002
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Quote:
Originally Posted by August
Quote:
Originally Posted by PeriscopeDepth
Quote:
Originally Posted by August
Quote:
Originally Posted by Dowly
Would be nice to have a reference for us non-US ppl to check whats this all about.
They are attempting to blame the president for signing an auto maker bailout bill created and sent to him by a Democrat controlled Congress.
This bill was blocked by the Senate. There was no bill sent to him, if I understand correctly. He is effectively going around the legislature that blocked this.

PD
Can't be done according to the Constitution. Congress is the holder of the national purse strings. If he's actually spending this money it's with their approval.
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

Last edited by PeriscopeDepth; 12-19-08 at 08:14 PM.
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