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Massachusetts: Auto Bailout

Mon, 12/22/2008 - 09:34

Frank clashes with incoming minority whip over stimulus, auto bailout

By Jeremy P. Jacobs, PolitickerMA.com Reporter

House Financial Services Committee Chairman Barney Frank butted heads with newly-elected House Minority Whip Eric Cantor on Sunday in a testy exchange on the auto bailout and President-elect Barack Obama's proposed stimulus package.

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There have been 33 comments posted in response to this story.
Sat, 12/20/2008 - 11:34

Frank to appear on CNN’s Late Edition Sunday

By Jeremy P. Jacobs, PolitickerMA.com Reporter

Congressman Barney Frank is slated to spear on CNN's Late Edition on Sunday, according to the network.

Frank, a Newton Democrat and chairman of the House Financial Services Committee, will discuss President George W. Bush's decision to provide $17.4 billion in loans to the U.S. auto industry. Frank will be on with House Republican Whip Eric Cantor of Virginia.

There have been 36 comments posted in response to this story.
Sun, 12/14/2008 - 14:00

Romney calls for immediate action on stimulus package, says he’s glad the auto bailout failed

By Jeremy P. Jacobs, PolitickerMA.com Reporter

Former Gov. Mitt Romney said Sunday that he is glad the $14 billion auto industry bailout proposal failed last week in the U.S. Senate and that Congress and President George W. Bush should take immediate action to stimulate the economy.

Romney, a Belmont Republican, appeared on NBC's Meet the Press Sunday with Michigan Gov. Jennifer Granholm (D), former Hewlett-Packard CEO Carly Fiorina, Wal-Mart CEO Lee Scott and Google CEO Eric Schmidt to discuss the economy.

There have been 42 comments posted in response to this story.
Fri, 12/12/2008 - 10:07

Auto bailout bill fails in Senate, Kerry and Kennedy don’t vote

By Jeremy P. Jacobs, PolitickerMA.com Reporter

UPDATED: The proposed $14 billion bailout of the automobile industry failed to garner enough votes to move forward in the U.S. Senate Thursday night. Neither of Massachusetts senators cast ballots on the measure, though their votes likely would not have influenced the outcome.

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There have been 28 comments posted in response to this story.
Thu, 12/11/2008 - 09:25

Nearly entire Mass. congressional delegation votes for auto bailout

By Jeremy P. Jacobs, PolitickerMA.com Reporter

Nine of Massachusetts' 10 members of Congress voted for the $14 billion auto industry rescue package Wednesday night, according to the roll call.

Congressman William Delahunt, a Quincy Democrat, did not vote. A spokesman for Delahunt told PolitickerMA.com Wednesday night that Delahunt is currently on a previously scheduled congressional delegation trip to Russia to discuss nuclear nonproliferation, the crisis in Georgia and energy issues. The spokesman declined to comment on whether Delahunt supports the bill.

There have been 42 comments posted in response to this story.
Tue, 12/09/2008 - 09:58

Lynch backs gas tax over toll hikes, supports auto bailout

By Jeremy P. Jacobs, PolitickerMA.com Reporter

Congressman Stephen Lynch said Monday night that raising the state gas tax to generate revenue to pay off debt is more in line with national energy policy than toll hikes.

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There have been 37 comments posted in response to this story.
Tue, 12/09/2008 - 09:29

AP: Brockton native under consideration to be ‘car czar’

By Jeremy P. Jacobs, PolitickerMA.com Reporter

Kenneth Feinberg, a Brockton native and administrator of the Sept. 11 Victim Compensation Fund, is under consideration to oversee the $15 billion bailout of the auto industry, the Associated Press reports.

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There have been 33 comments posted in response to this story.
Fri, 12/05/2008 - 10:24

Frank: Auto industry bailout should focus on preventing future disaster, not punishment

By Jeremy P. Jacobs, PolitickerMA.com Reporter

Congressman Barney Frank said Friday that any action Congress takes to help the U.S. auto industry should focus on preventing future damage to the country's financial markets, not punishing any specific parties for previous missteps.

Frank's remarks came at the opening of a hearing of House Financial Services Committee, which he chairs, at which executives of General Motors, Chrysler and Ford sought money from the government.

There have been 39 comments posted in response to this story.
Wed, 11/19/2008 - 09:11

Romney: Let Detroit go bankrupt

By Jeremy P. Jacobs, PolitickerMA.com Reporter

The government should not bailout the American auto-industry and should choose instead to let it fall into bankruptcy where it can restructure itself to more adequately compete in the global auto market, former Gov. Mitt Romney wrote in a New York Times op-ed Wednesday.

Romney, a Belmont Republican whose father was the president of American Motors, said by letting the industry slide into bankruptcy, auto companies can address two crucial problems.

There have been 35 comments posted in response to this story.