Comments on: Bailout Watch 74: TTAC Called It: Bush Signs Bill Authoring $25b Motown Loans

By: GS650G

GS650G — Wed, 01 Oct 2008 18:26:16 +0000

We are in deep doo doo, that is for sure

By: HarveyBirdman

HarveyBirdman — Wed, 01 Oct 2008 17:08:59 +0000

Redbarchetta,

The line item veto was held to be unconstitutional in Clinton v. City of New York. Essentially, the Supreme Court held that the line item veto effectively amended the bills, which is a legislative power.

It may have been the correct interpretation of the Constitution, but it sure sucks when there’s big spending bills that cross the President’s desk.

By: Redbarchetta

Redbarchetta — Wed, 01 Oct 2008 16:10:25 +0000

What ever happen to the line item Veto?

This is disgusting paying for their incompetence, and paying and paying and paying.

Wish I had someone to lobby for me and tack on a few million or a billion to improve my tooling. Guess I’m not enough of a tool to get that kind of help.

By: Mike66Chryslers

Mike66Chryslers — Wed, 01 Oct 2008 15:57:49 +0000

“industry lobbyists were simply smart enough to get ~~there~~ their handout tacked on to that must-pass legislation.”

By: The Luigiian

The Luigiian — Wed, 01 Oct 2008 15:50:43 +0000

The companies that use that trick are disgusting. I would almost call it underhanded but other tricks these big companies use make putting your pork into a need-to-pass bill almost seem honest by comparison.

But I’ve got another question. $7.5 billion of the $634 billion is for the auto industry? Where’s the other $17.5 billion?