Bailout Watch 164: The Obamadmmerung

Edward Niedermeyer
by Edward Niedermeyer

With Gullinkambi crowing the end of time and fate for a once-proud industry, the heroes of Detroit and DC are gathering to fight the future. But one hero is turning a deaf ear to the sounding of the Gjallarhorn… at least until his fate drags him inexorably back to the fray. Bloomberg reports that today’s meeting between President-elect Barack Obama and President George W. Bush was “friendly” while they discussed “the broad health of the auto industry.” But, as the battle for a short-term federal bailout joins in Washington over coming days and weeks, Obama will be conspicuously absent. Before leaving town, The One told reporters he won’t be “spending too much time in Washington over the next several weeks.” “It’s important to bear in mind that Congress was wrestling with issues like an economic recovery program prior to the election and didn’t come to a conclusion,” said Obama. And if Congress can not come to a decision before January 20? “It will be the first priority,” Obama swears. Until then, Obama will sing praises of the Democrat’s planned short-term stimulus package, which may or may not be DOA. From a comfortable distance. In Norse mythology, the Ragnarok is merely the final fate of the Aesir, not the end of times. As a fierce battle brews in DC, Obama will wait and watch while he still can. His hour in Valhalla will come soon enough. The battle will go on.

Edward Niedermeyer
Edward Niedermeyer

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  • ZoomZoom ZoomZoom on Nov 11, 2008
    Cashual Observer Opined: “even as a Senator, Mr. Obama can still do virtually nothing” 50merc Replied: Nonsense. He can do what every other member of Congress can do: propose legislation for his colleagues to debate and enact into law. Or to not enact into law. Either way, The People would then learn where their own Representatives and Senators stand on the issue, which is what we need to know for future elections. I for one, am taking notes! Unless somebody votes "Present", which in my opinion is cowardly, childish, and should not be allowed.
  • Chuckgoolsbee Chuckgoolsbee on Nov 12, 2008

    Wow, and here I thought I was the only guy who reads Reason. Between Reason, TTAC & The Onion, I have all the best sources of news an analysis! --chuck

  • Pixelkiller Pixelkiller on Nov 12, 2008

    Chuck; You forgot Hoofy & Boo at Minyanville. Somebody should ask their favorite "self-serving SOB", er, I mean congressperson: if there is a bailout, will we each get a car? I mean, we will be paying for one afterall.

  • Koblog Koblog on Nov 12, 2008

    Er, Obama is a sitting Senator now, and could work right now as the single most influential member of Congress. As he always has, Obama's voting "present" on this. And by staying away from DC, won't even be present. This guy really is Chauncy Gardner.