Bush, Democrats seek to finalize auto bailout

WASHINGTON (Reuters) - White House and congressional negotiators sought on Sunday to resolve remaining differences over an emergency rescue for the struggling auto industry, a stark symbol of the deepening U.S. economic crisis.

Prodded by shock unemployment figures that showed the country shed more than half a million jobs last month alone, negotiators tried to turn into legislation an agreement in principle to provide "The Big Three" U.S. automakers with at least $15 billion in short-term loans.

"The expectation is that White House will see our draft (bill) tonight," a Democratic aide said, adding several unspecified modifications were being incorporated into it.

In addition to reorganizing automakers and protecting taxpayer investment, possible conditions include creating a government "car czar" to oversee the bailout and additional concessions by the United Auto Workers (UAW) union as well as the corporate leadership.

The Senate is due back in session on Monday and negotiators hope to have a package ready that can be quickly approved and sent to President George W. Bush as one of the last measures he signs into law before Democrat Barack Obama succeeds him as president on January 20.

The amounts under discussion are less than half the $34 billion that the automakers asked Congress for last week. Some economists believe they may need $75 billion to $125 billion to survive in the longer term.

Nevertheless, lawmakers fear a recession will deepen if any of the three giants -- GM, Ford and Chrysler -- collapses soon. But some from Bush's Republican party don't want another rescue plan after a $700 billion Wall Street rescue package that triggered voter backlash in the November 4 congressional elections.

Critics also say market forces, not state intervention, ought to determine the fate of the auto industry.

Bailout backers say that since the government helped Wall Street, it must also help hundreds of thousands of blue-collar auto workers who have the support of Democrats.

Obama added his weight to the drive, saying while the car companies had made mistakes, letting them collapse was not an option -- although they must be forced to radically revamp their operations.

"I think that Congress is doing the exact right thing by asking for a conditions-based assistance package that holds the auto industry's feet to the fire," he said in Chicago, adding that new management could also be an option.

CONDITIONS AND CONCESSIONS

A UAW official, speaking after a Detroit church service dedicated to prayers for the auto industry, said on Sunday the union was open to moves by Chrysler to seek an alliance with a rival automaker as long as it saves as many jobs as possible.

Senate Banking Committee Chairman Christopher Dodd said on Sunday that GM chairman Rick Wagoner should resign to allow new leadership to restructure the faltering company.

"He has to move on," Dodd, a Connecticut Democrat who is leading efforts to craft bailout legislation, told CBS.

Faced with plummeting sales they blame largely on the credit crunch and recession, GM, Chrysler and Ford sought $34 billion from Congress last week to avoid possible collapse. A deal negotiated by the White House and Congress would provide no more than $17 billion to last into March.

Critics have said any loans would be a waste of money unless U.S. automakers were able to cut costs and better compete with more fuel-efficient, foreign-made cars.

Democratic Sen. Carl Levin of Michigan, home to the major automakers, said he was confident there would be a deal in the next 24 hours. But he was less certain if backers would garner the 60 votes needed in the 100-seat Senate to avoid a Republican procedural hurdle known as a filibuster.

"That's a much more complicated question," Levin said on "Fox News Sunday."

Senate Republican Leader Mitch McConnell earlier indicated he might support a bailout if it had adequate safeguards. But Sen. Richard Shelby, an Alabama Republican who has spoken out against the proposed "bridge loan" emergency package, indicated he was ready for battle.

"This is a bridge loan to nowhere," said Shelby, appearing with Levin on "Fox News Sunday."

UNKNOWN FUTURE

Despite the progress in Washington, America's auto industry is headed into an unknown future.

GM and Chrysler, along with Ford once bywords for U.S. industrial power, are both headed for wrenching restructuring under federal oversight that will hit their investors, creditors, dealers and workers almost as hard as if they had filed for bankruptcy protection.

Ford is in slightly better financial shape, but all three are expected to continue to mothball plants and dismiss tens of thousands of employees.

A breakthrough in the auto crisis emerged on Friday after government statistics showed that employers slashed more than 533,000 jobs in November, the highest monthly decline in 34 years. This underscored lawmakers' feared that hundreds of thousands more would be thrown out of work if any of the major automakers went down.

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We did our homework over the weekend; we did the research so we can tell you what is likely coming from Senate Democrats regarding President Trump's Supreme Court Nominee Amy Coney Barrett. Based on our research and the anonymous people who have already come forward to talk about Coney Barrett's youth, these are the main shocking things you can expect Senate Democrats to seize on during the confirmation process…

A man has come forward under the banner of "#MenToo," to say that in second grade, Amy Coney Barrett and her best friend at the time, cornered him at a birthday party at Chuck-E-Cheese and "injected him with a full dose of cooties." Which, if true, would obviously be disqualifying for serving on the highest court in the land.

Then there's a woman who says when she was nine-years-old, she lived on the same street as Amy Coney Barrett. She alleges that Coney-Barrett borrowed her VHS tape of Herbie Goes Bananas and did not return it for at least six months. And then when she did finally get the tape back, the woman says Coney Barrett did not even bother to rewind it. The FBI has interviewed at least two witnesses so far who say the tape was indeed not rewound and that it was very upsetting to the owner of the tape. Again, if true, this is troubling – clearly not the kind of integrity you want to see in a Supreme Court justice.

Apparently, in their elementary school days, they liked to drink milk – and lots of it.

The same neighbor also dropped a bombshell allegation about the drinking problem of Amy Coney Barrett and her closest friends. Apparently, in their elementary school days, they liked to drink milk – and lots of it. The neighbor says she "frequently" witnessed Coney-Barrett and her friends chugging entire cartons of milk – often Whole Milk, sometimes Chocolate Milk, occasionally both at the same time through a funnel.

Unfortunately, shooting-up cooties, injurious rewinding, and potential calcium-abuse are not even the worst of it.

A third person has now come forward, another man, and this is just reprehensible, it's hard to even fathom. But he alleges that in fourth grade, when they were around ten-years-old, Amy Coney Barrett and a group of "four or five of her friends" gang-GRAPED him on the playground during recess. He alleges the group of friends snuck uneaten grapes out of the cafeteria and gang-GRAPED him repeatedly in broad daylight. In other words, and I hate to have to spell this out because it's kind of graphic, but the group led by ten-year-old Amy Coney Barrett pelted this poor defenseless boy with whole grapes. He recalls them "laughing the whole time" as they were gang-GRAPING him.

He recalls them "laughing the whole time" as they were gang-GRAPING him.

Obviously, even if just one of these allegations is half-true, no Senator with a conscience could possibly vote to confirm Coney Barrett. When there is a clear pattern of destructive childhood behavior, it always continues into adulthood. Because people do not change. Ever.

Fortunately, for the sake of the Republic, Democrats plan to subpoena Coney Barrett's childhood diary, to see what, if any, insights it may provide into her calcium habits, as well as her abuse of illicit cooties and the gang-GRAPING incident.

We will keep you posted on the latest, but for now, it looks like Democrats will find plenty in the reckless pre-teen life of Amy Coney Barrett to cast doubt on her nomination. And if not, they can always fall back on her deranged preference for letting babies be born.

[NOTE: The preceding was a parody written by MRA writer Nathan Nipper.]

On the radio program Friday, Glenn Beck discussed the recent news that a primary source for the Steele Dossier — the document on which much of the Trump-Russia collusion investigation was based — had been investigated by the FBI for contacts with suspected Russian spies. Glenn also shared several previously unpublished texts and emails from FBI agents have recently been released.

According to a letter sent by Attorney General William Barr to Senate Judiciary Committee Chairman Lindsey Graham (R-S.C.) on Thursday, the FBI knew early on that the research compiled by ex-British intelligence agent Christopher Steele relied on a "Primary Sub-source" that had been "the subject of an FBI counterintelligence investigation from 2009 to 2011 that assessed his or her contacts with suspected Russian intelligence officers" — but still used it to obtain warrants to spy on former Trump campaign-aide Carter Page.

But, it gets even worse. Now, new leaked texts and communications from FBI agents within the department at the time of the entire Russian collusion effort were disclosed in federal court filings on Thursday. According to the court documents, FBI agents purchased "professional liability insurance" to protect themselves in January 2017, just weeks before Donald Trump was inaugurated president, because they were concerned about the agency's potentially illegal activity during the Russia collusion investigation.

"Trump was right," one FBI employee wrote in response to then-President-elect Trump's Jan 3, 2017 tweet which read: "The 'Intelligence' briefing on so-called 'Russian hacking' was delayed until Friday, perhaps more time needed to build a case. Very strange!"

Watch the video below for more details:

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Chief researcher Jason Buttrill joined Glenn Beck on the radio program Thursday to discuss an "explosive" new report released Wednesday by Senate Republicans on Democratic presidential nominee Joe Biden's son, Hunter Biden, and the Ukrainian energy company Burisma.

Among other serious allegations, the 87-page report claims that "Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the wife of the former mayor of Moscow," and the richest woman in Russia.

"The transactions discussed [in the report] are designed to illustrate the depth and extent of some questionable financial transactions. Moreover, the financial transactions illustrate serious counterintelligence and extortion concerns relating to Hunter Biden and his family," the report stated.

Jason suggested the Senate's findings provide additional evidence to back allegations of a money-laundering scheme, which Glenn detailed in a four-part series about Biden's shady connections to Ukraine. Learn more on this here.

"Laundered money is very hard to track to its finality," Jason explained. "I'm sure the Biden camp is really hoping that it just looks suspicious, but [investigators] don't ever find the eventual end point. But, if they do – and it's possible they already have – this is going to be explosive, very explosive."

Watch the video below for more details:

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Revolutions rarely happen overnight. The Left started laying the groundwork for November 3, 2020, the moment Hillary Clinton had to concede the 2016 election to Donald Trump. It was always solely about getting rid of President Trump — and there's a playbook for that.

Last week, Glenn Beck showed you the "Seven Pillars of Color Revolution" written by a former U.S. diplomat, which are the conditions that must be in place for a successful Eastern European-style "Color Revolution." The left seems to be pushing for a Color Revolution this election because they are using the exact same playbook.

In part two of this series, Glenn peels back the layers on the first four of these Color Revolution pillars to show you how they work and what the end goal is. And he reveals one of the architects of the playbook – a Color Revolution specialist, former ambassador, and former Obama administration official who is one of the key masterminds of this revolution.

Joining Glenn is political campaign veteran and BlazeTV host Steve Deace who says the polls that claim Biden is leading the race "are trash." We're being set up to believe that if Trump wins in spite of the polls, it must be an invalid election.

Watch the full video below:


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