VT Public Radio, Dec, 2008. Bernie and Leahy support auto bailout.

[madfloridian]

They speak against the financial industry bailout but support the bailing out of the auto industry.

Leahy, Sanders reluctantly support auto industry rescue

12/11/08 5:50PM By Bob Kinzel
(Host) Vermont's two U.S. Senators, Patrick Leahy and Bernie Sanders, say they're reluctantly supporting a $15 billion rescue package for the nation's auto industry.

Both senators say that allowing Ford, General Motors or Chrylser to fall into bankruptcy could affect a lot of auto related jobs in Vermont.

Senator Patrick Leahy says he's reluctantly supporting the bill because millions of jobs could be lost if the car companies go under:

(Leahy) "You can't have the most powerful nation on earth you can't have the automobile industry go belly up to some extent there's a national security component of the automobile industry...I look at the millions of jobs throughout America including a whole lot in Vermont connected to the automobile industry manufacturing type jobs and on top of that you have all of the dealers."

Senator Bernie Sanders voted against the $700 billion bail out of the financial services industry but he says this package is different:

(Sanders) "The problem is if you don't act in the midst of a growing recession what does it mean to create a situation where millions of more people become unemployed and that could spread and I have serious concerns about that I think it would be a terrible idea to add millions more to the unemployment rolls."

[madfloridian]

1. Shame on Hillary for saying that he voted against it. Media spreading the lie.

[jillan]

9. MSNBC was all over this story with their panel

Of 3 Clinton supporters. Non stop talking about it.

[SunSeeker]

10. It is not a lie. Bernie voted No. That is not "supporting Detroit."

The $82 billion that helped finance the bankruptcy of General Motors, Chrysler, their finance subsidiaries -- GMAC and Chrysler Financial -- and a handful of large suppliers were part of a much larger Troubled Asset Relief Program (TARP) that covered more than $700 billion that went to bailout the largest banks, and AIG, the insurance giant that has issued credit default swaps that came due when the banks could not cover their losses on mortgage-backed securities.

http://www.freep.com/story/money/cars/general-motors/2016/03/06/explaining-hillary-clintons-bernie-sanders-votes-auto-bailout/81419564/

[madfloridian]

42. You should be ashamed.

http://www.democraticunderground.com/12511436710

[SunSeeker]

52. No, you should be ashamed. Sanders voted No.

He can try to spin that No vote all he wants, it still doesn't change the fact that he voted No.

[senz]

41. What Sanders should have said to Clinton about the auto bailout.

CNN Money gives a very good explanation.

What Sanders should have said to Clinton about the auto bailout

Here's the catch: The funding that Sanders voted down was earmarked to bail out the banks.


General Motors (GM) and Chrysler were actually bailed out using money from TARP, the $700 billion bank bailout that passed during the financial crisis in the fall of 2008. When it was originally proposed, there were no plans to use the money to save the auto industry.

The fact that Sanders voted against TARP gave Clinton the ability to say, "If everybody had voted the way he did, I believe the auto industry would have collapsed, taking four million jobs with it."

President Bush asked Congress to authorize a bailout for the auto industry in December of 2008. It had the support of a majority of the Senate, including Sanders and Clinton. But Republican opposition blocked it from passing.

So when it came time to give the automakers the money, first Bush and then Obama simply tapped into TARP.

Sanders first opposed TARP when it passed in October 2008. He also joined with Republicans who sought to stop the distribution of TARP funds in January 2009, at which point it had been determined that some TARP funds would go to the auto bailout. But that effort failed, and the auto-industry rescue became part of TARP.

"In terms of the auto bailout, of course that made sense...and I strongly supported President Obama's position on that," Sanders said in Flint, Mich.. He said he would have funded an auto bailout out of the stimulus package, rather than TARP.

Hillary's complete lack of integrity, ethics, and honesty is absolutely shocking to me. I cannot see it in a President of the United States.

[pat_k]

2. Thanks for finding this! Rec'd (nt)

[saltpoint]

3. Looks like the public radio folks up in

Vermont were doing their job.

Looks like Senator Sanders makes a good point about the balance between employment and economic hardship framed with compassion for working people.

Looks like everything I never trusted about the mainstream media distorting the facts continues to be their mode of operation.

Hillary Clinton, herself a former Senator from New York, would have access to those voting records. Perhaps she can do a bit of checking and get her facts straight, if that isn't asking too much.

[madfloridian]

4. The ones posting that he did not support it are refusing to believe it.

[saltpoint]

5. How unfortunate for them, then, that

you've provided the actual factual.

You own this one, madfloridian. Thank you. Let the doubters wail in the rain.

[amborin]

64. as usual

[madfloridian]

6. I think Bernie is owed an apology on this one. TRUTH still matters.

[saltpoint]

7. Yes to both points. We're left with

awkward choices by the Clinton campaign, namely, did she pounce on Sanders without knowing how or why he voted as he did?

Did she trust her campaign strategists on this point without checking it herself?

Or did she know how and why he voted as he did but threw the spitball anyway?

What would she have us believe?

[senz]

43. It is standard operating procedure for Hillary.

She does this sort of thing all the time.

[saltpoint]

57. She has been known to get pretty

territorial against more progressive Democrats.

She lost to Obama and Edwards both in Iowa last time she ran.

She only barely beat Sanders in Iowa time.

She's got some wins, to be sure, but Sanders would not be enjoying the following he has if Hillary were not vulnerable.

It sure does feel like an attitude problem to me.

[senz]

58. I agree.

As a candidate, there is something wrong. Everything about her history points to neocon/ neoliberal but she mouths the old Democratic platitudes, and the cognitive dissonance is deafening.

At this time in our history, it matters how we choose.

[saltpoint]

59. It really does. And I have loved those

long lines at Sanders appearances.

I don't know anybody personally in those lines. But at the same time I feel like I know them all.

Sanders' campaign has been as inspiring as Trump's has been appalling.

[senz]

63. lol, yes I get a similar feeling about Bernie's long lines

On a very deep level we all share similar, crucially important, values. It might be different for younger people vs. older people but there is something -- common humanity? -- that coalesces at this time around this person.

Sanders vs. Trump is a real crossroads. Incredible that it boiled down to these choices.

Wish it weren't so nerve-wracking.

[ucrdem]

8. Theoretically perhaps but he voted against funding it.

http://www.freep.com/story/money/cars/general-motors/2016/03/06/explaining-hillary-clintons-bernie-sanders-votes-auto-bailout/81419564/

[madfloridian]

12. He opposed the TARP, but supported the auto bailout.

The TARP was the huge bank bailout. He said he did not support it.

[ucrdem]

14. He might have said that, but he didn't follow through. nt

[senz]

45. He was blindsided by the nefariousness of Hillary's dishonest attack.

People of Bernie's moral rectitude never expect the ugliness that is the norm for the morally depraved.

[madfloridian]

54. He couldn't get a word in.

[SunSeeker]

11. The $82 Billion auto bailout was part of the TARP bill.

Bernie voted No. That is an odd way to show your support.

[metroins]

13. As well as EESA

People can argue the merits of the bills, but they funded the bailouts and Bernie voted Nay.

[Fairgo]

15. Thank you for countering the lies

The behaviour of right wing democrats suggests that they have no boundaries, no rules past "winning"

[madfloridian]

16. Doesn't matter. They are still calling it a lie.

Hillary chose her words carefully, but in effect she lied.

[Fairgo]

17. It seems to come naturally

Which is my great concern.

[senz]

46. +10000

You and me both.

[Major Hogwash]

18. Surprise, surprise, she lied about Bernie's record again.

Not unusual for her at all.

The only thing she has left is a warehouse of kitchen sinks!!!

[kennetha]

30. Actually he lied.

She told the truth

[ecstatic]

19. Um, he voted no. That excuse isn't going to fly.

Especially when he holds Clinton's feet to the fire regarding her past votes. Clinton was actually against pre-emptive military action when she voted for the IWR. Bush and Co didn't use the IWR the way they said they would. Are you going to give her a pass? I don't think so. You can't have it both ways.

[madfloridian]

23. Not true about Hillary and Iraq.

http://www.democraticunderground.com/1251433771

Video at the link.

[Major Hogwash]

20. Bernie didn't vote for the TARP bailout for banks, but he voted for the auto bailout.

There is no doubt anymore about who is lying and who is not lying.

[kennetha]

29. He voted against the actual bill that actually passed that funded the bailout.

[madfloridian]

21. I am going to keep this kicked.

[madfloridian]

22. Adding the first paragraph about $15 billion rescue package for auto industry.

12/11/08 5:50PM By Bob Kinzel
(Host) Vermont's two U.S. Senators, Patrick Leahy and Bernie Sanders, say they're reluctantly supporting a $15 billion rescue package for the nation's auto industry.

Both senators say that allowing Ford, General Motors or Chrylser to fall into bankruptcy could affect a lot of auto related jobs in Vermont.

It's so obvious they both supported bailing out the auto industry. How can someone with conscience say they did not.

[Fuddnik]

24. Because Hillary and her supporters are panicking. And they have no conscience.

She just keeps pulling shit out of her ass, hoping something will stick,

She can't run on her record, so she has to try to destroy his.

[kennetha]

27. you're mistaken

Sanders was the one who panicked when Clinton lowered the boom on him.

Just think of what the Republicans would do to him in a general election.

[kennetha]

28. Cause when it came time to cast a vote for an actual bill instead of theoretical idea

Sanders turned all moral purist, as he always, does, and was willing to cast the industry and its workers into the abyss rather than stop the world economy from collapsing. Just so he could rail against the millionaires and billionaires.

[madfloridian]

33. Isn't it great Hillary isn't a "moral purist"?

To her it's all about winning, truth be damned.

[Enthusiast]

25. Kicked and recommended!

The volume of misinformation is staggering.

How could anyone support a candidate that relies entirely on falsehoods and smears?

[kennetha]

26. So, then why are you supporting Sanders, if that's your criterion?

[Enthusiast]

31. I know bullshit when I see it or smell it.

[madfloridian]

32. Kicking because Bernie supported the bailout of auto industry.

And because Hillary crossed some truth lines.

[KoKo]

34. MSNBC distorted it. Even the reporter who covers Bernie

on the campaign trail didn't make it clear. But, then, I've given up on MSM Cables doing any fact checking. They ignore Bernie for the most part unless its something they can wrongly report about what he says.

[madfloridian]

35. Hillary twisted the truth. Made it sound like he didn't support it. Half lie? Half truth?

I can't even stand to watch her anymore.

[kennetha]

36. When push came to shove

He didn't support it

[madfloridian]

38. People catch on when you're dealing with half-truths and innuendo

[senz]

40. When push came to shove, he didn't support the Wall St. bailout

This is how crooks try to trip up honest people.

[AzDar]

37. K & R

[senz]

39. Bernie voted FOR THE AUTO BAILOUT before they combined it w/ the Wall St. bailout.

Hillary, in typical disingenuous manner, obscured this fact.

[Armstead]

44. Kick and Rec

I

am

so

Sick

of

goddamn

lies

and/or

distortions

[vintx]

47. +1

[amborin]

48. K&R

[madfloridian]

49. How often must the truth be posted before the lies stop????

[madfloridian]

50. Kick

[fredamae]

51. The Lies/Spin won't Stop-It's all "they" have

Educate. Educate. Educate.
That's all "we" can do to neutralize the toxicity of cheating.

[madfloridian]

56. I think you may be right.

[fredamae]

60. I sure as Hell don't

Want to be right. And it's sad Dems have stooped to GOP bs during the last few elections...but then, maybe I wasn't as aware of it before.

[madfloridian]

61. Social media has made us aware of what the media blocks from our view.

[fredamae]

62. And for that..I am grateful n/t

[madfloridian]

67. Me, too.

[madfloridian]

53. Kick for truth.

[amborin]

55. HIlary is lying again

[FloriTexan]

65. Kick! Another Great Find Mad!

[madfloridian]

66. Thanks.