November 11, 2008
BUSH WANTS TO PLAY, 'LET'S MAKE A DEAL'?.... Barack Obama and George W. Bush met privately for 65 minutes yesterday, speaking in the Oval Office without staff. No notes were taken, and aides to both men were reluctant to share second-hand details with the media, preferring words like "friendly" and "productive."
That said, we did get a sense of what was on Obama's mind.
The struggling auto industry was thrust into the middle of a political standoff between the White House and Democrats on Monday as President-elect Barack Obama urged President Bush in a meeting at the White House to support immediate emergency aid.
Mr. Bush indicated at the meeting that he might support some aid and a broader economic stimulus package if Mr. Obama and Congressional Democrats dropped their opposition to a free-trade agreement with Colombia, a measure for which Mr. Bush has long fought, people familiar with the discussion said.
The Bush administration, which has presided over a major intervention in the financial industry, has balked at allowing the automakers to tap into the $700 billion bailout fund, despite warnings last week that General Motors might not survive the year.
Mr. Obama and Congressional Democratic leaders say the bailout law authorizes the administration to extend assistance.
Mr. Obama went into his post-election meeting with Mr. Bush on Monday primed to urge him to support emergency aid to the auto industry, advisers to Mr. Obama said. But Democrats also indicate that neither Mr. Obama nor Congressional leaders are inclined to concede the Colombia pact to Mr. Bush, and may decide to wait until Mr. Obama assumes power on Jan. 20.
NBC's Andrea Mitchell had a similar report about Obama having urged the president to consider "a stimulus package in the lame duck session, aid to the auto industry, and help for homeowners with adjustable-rate mortgages in order to prevent more foreclosures."
In other words, as far as Obama is concerned, Bush can use his remaining weeks in office productively, and as far as Bush is concerned, he'll take these issues seriously if Democrats give him the trade deal he wants.
This probably isn't going to work out as Bush would like -- lawmakers realize that an Obama White House isn't that far away.
—Steve Benen 8:00 AM
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Yeah, yeah, yeah, but what about the rug?
Posted by: Danp on November 11, 2008 at 8:10 AM | PERMALINK
The man really does want to be known as the most petulant 3 year old ever to hold the office. Doesn't he realize that we're (1) in the middle of a real crisis and (2) he has zero leverage to cut deals?
If he wants to play games and try to drive that disapproval rating up over 80% more power to him. It's not even like using the threat of veto on the stimulus package to get CAFTA passed is the crappiest thing he's done while in office. It's just one more "F-you" to the public that we can add to his tally while we try to figure out whether he's the worst president yet, or if Buchanan still beats him out for that title.
Posted by: NonyNony on November 11, 2008 at 8:10 AM | PERMALINK
Bush is only interested in furnishing the little rooms inside his head. After January 20, he can do so to his little marble heart's content, without wasting my tax dollars to do it.
Probably just as well that Obama realize early that nothing of substance is going to happen when he deals with this buffoon. That way he can spend his energy crafting real solutions and preparing to implement them after Bush is gone.
Posted by: Cap'n Chucky on November 11, 2008 at 8:11 AM | PERMALINK
But won't free trade with Columbia provide an economic lift and help solve the financial crisis? (snark)
Posted by: tomeck on November 11, 2008 at 8:18 AM | PERMALINK
Worst president ever. When can we arrest him and throw him in jail?
Posted by: jen f on November 11, 2008 at 8:24 AM | PERMALINK
Jesus. What is so incredibly important about free trade with Colombia? This is just more petulance from that weakass idiot.
Posted by: MaryL on November 11, 2008 at 8:27 AM | PERMALINK
Narcissistic prick from start to finish. Good riddance
Posted by: ChicagoPat on November 11, 2008 at 8:31 AM | PERMALINK
Oh yes! A depression in the US is going to be so good for our trade with Columbia.
The weapon of mass destruction really is in the oval office. Bush is completing Osama's mission and further fouling the nest for Obama.
Posted by: lou on November 11, 2008 at 8:54 AM | PERMALINK
Better to let Bush wander off before trying to create a competitive auto industry. Name one initiative he has gotten right. Letting him, and his team, set the agenda for recreating a competitive auto industry is almost certain to once again enrich plutocrats, politicize the distribution of government support, and point the wrong direction. For example, I listened to some Republican talking points on this last night, during which I heard the talking head say, the first thing to do is relax the cafe standards and allow more off-shore production of the more fuel efficient cars Detroit is designing. That must have sounded good to someone, but it's the last thing I want my government to encourage. Obama has enough Bush policies and initiatives to reverse.
Posted by: Eric on November 11, 2008 at 8:57 AM | PERMALINK
Is there a single human being on planet Earth that thinks GM can be a contender for the long haul if it gets just a little money?
The problem with Medicare is that it sinks small fortunes into the last year of a dying person's life. Herculean efforts to save hopelessly terminal patients is an understandable, but questionable use of money which is made inexcusably exponentially worse when the patient is a company and not a human.
GM is on life support, the brain is dead, and we are the distraught family refusing to pull the plug.
Companies like Tesla Motors and Ronn Motors that are producing beautiful, innovative, useful alternative vehicles might be the salvation of American automotive know how if they had a small portion of the proposed bailouts of R&D funding.
Alas, they don't have lobbyists to convince the grieving family that just a few more months and grandma will be tap-dancing and singing again.
People and companies eventually die. Don't complain to me. Death happens. It isn't my fault. Haven't we had enough of reality denial over the past 8 years, though? Are we going to engage in more of the same, just a different set of groundless beliefs?
Posted by: toowearyforoutrage on November 11, 2008 at 9:05 AM | PERMALINK
The Big Three auto manufacturers have enough cash to last until mid-year next year. That part of the stimulus package should probably be delayed until Obama is in office, so it will be done RIGHT. Bush sees the Columbia free trade agreement as one more thing he can add to his (very questionable) legacy. In addition to labor leaders in Columbia being murdered, apparently the Columbia military and paramilitary groups are also murdering innocent civilians and claiming they are FARC members. Even going so far as to dress them up and plant weapons on them!! Screw Columbia and Bush too.
Posted by: impeachcheneythenbush on November 11, 2008 at 9:08 AM | PERMALINK
Keep packing!
Posted by: America to Bush on November 11, 2008 at 9:35 AM | PERMALINK
Columbia is crucial.
We need to make more cocaine freely trade between us and them.
The auto industry worldwide is NOT facing the music.
No amount of cash will revive the industry as we know it.
100 mpg gas vehicles and electric cars might do it.
In other words, they had their chance. They tooled up to produce tanks for cars and joined in on Wall Street's pyramid scheme to hell.
I say give cash to the auto giants IF they agree to my demands... 100mpg cars and an electric fleet.
Posted by: Tom Nicholson on November 11, 2008 at 9:44 AM | PERMALINK
Bush wants this deal for Colombia because its right wing government is his only friend in Latin America. The Big Three are a slow moving trainwreck, it would be better to wait for the next Congress to address this. Last thing we want is a repeat of the hurry up and wait we got with the stupid bank bailout.
Posted by: anon on November 11, 2008 at 9:50 AM | PERMALINK
GM does not have enough cash to last till Jan 20th.
Posted by: robodruid on November 11, 2008 at 9:50 AM | PERMALINK
Its time to break up Detroit into millions of innovative little companies.
Posted by: alinw on November 11, 2008 at 9:51 AM | PERMALINK
I thought part of the stimulus for the auto industry included provisions for startups?
Posted by: grinning cat on November 11, 2008 at 9:53 AM | PERMALINK
Huh. I can't say that aid to the auto industry would have been on my top 10 list of agenda items for the first transition meeting. It seems like we're edging toward the slippery slope that opponents of the bailout package feared, in which government intervention is deemed warranted to save any large American corporation. Maybe a case could be made for AIG and the banks, given their central importance to the economy, but GM? I'm not seeing it. I do like Tom Nicholson's idea though-- government aid only in exchange for real improvements in efficiency and alternative energy use. Let's hope Obama will think as creatively when he's in office.
Posted by: JRD on November 11, 2008 at 9:54 AM | PERMALINK
It's been acknowledged that the AIG bailout has failed. The Bush Administration has come up with a new plan - convert several hundred billion dollars to $100 bills, and then stuff these bills down all the toilets in the country.
This, they believe, will revitalize the critical plumbing industry and get our economy back on its feet.
Posted by: Zandru on November 11, 2008 at 10:09 AM | PERMALINK
Believe that President-Elect Obama started taking Shrub seriously, when Shrub said "If you support the Columbian deal, I'll even throw in 'the rug'."
Posted by: berttheclock on November 11, 2008 at 10:19 AM | PERMALINK
How many commenters here (and Mr. Benem also, just to be fair) drive American vehicles? Shout out for MoTown!
(Chirp)
Thanks, I thought so.
Posted by: tao9 on November 11, 2008 at 10:23 AM | PERMALINK
Dislike Bush all you want, you have to admire his ability to negotiate hard. Senate Democrats should take note incorporate this negotiating style into their basic approach. They weren't elected to be door mats.
Posted by: Northern Observer on November 11, 2008 at 10:37 AM | PERMALINK
The American president says he will help Americans if the president-elect helps sway congressional allies to help him help Columbia?
Thank W.
Posted by: ThatGuy on November 11, 2008 at 10:52 AM | PERMALINK
Senate Democrats should take note incorporate this negotiating style into their basic approach. They weren't elected to be door mats.
Right -- which makes it all the more pathetic that they adopted the role all on their own.
Posted by: Gregory on November 11, 2008 at 10:54 AM | PERMALINK
Hopefully, the financial assistance to the auto industry will have conditions to keep them from building the same crappy cars. The money should be used to retool so they can stop building the SUV's trucks, and vans that get lousy gas mileage and provide incentives to build cars that are more fuel efficient, to research better alternative fuel technology, stop using corn for ethanol (use switchgrass or hemp instead), and design more fuel efficient engines and motors.
Posted by: daveincolorado on November 11, 2008 at 10:57 AM | PERMALINK
"Bush can use his remaining weeks in office productively," What and ruin his perfect record?
Posted by: Jim B on November 11, 2008 at 11:35 AM | PERMALINK
I'll buy American when they produce competetive cars. A couple of years ago I needed a fuel efficient car with lots of cargo space. All the American car companies offered were unsafe, huge SUVs that got terrible gas mileage. I'm pretty happy with my Subaru, thank you (not as fuel efficient as I would like, but the best avaiable at the time). By the way, my "foreign" car probably includes as much US labor as most "domestic" cars. I'm certainly in favor of buying American - but not to the point where American companies aren't expected to compete in the world market.
The U.S. should not be propping up companies like this. I agree with those who say we need to put some conditions on any bail out, like cars that will actually improve fuel efficiency, cut pollution, etc.
Posted by: shoeflyin on November 11, 2008 at 12:43 PM | PERMALINK
LET. GM. DIE.
We don't need yet more corporate welfare rewarding 30 years of anti-environmentalist behavior, not only on the part of the Big Three, but a fair chunk of UAW leadership as well.
Posted by: SocraticGadfly on November 11, 2008 at 1:51 PM | PERMALINK
What about Ruggie?
Posted by: g on November 11, 2008 at 5:08 PM | PERMALINK
Part of the reason that we can't let GM die, event though it was managed very poorly, is that it kills one of the only viable unions out there, and also it wipes out a lot of retirees' pensions and healthcare impoverishing a lot of people rather quickly. Breaking it up is an option.
Colombia Free Trade Agreement is a reward for Colombia for the secret spying and the buid-up of armies on its borders to counter Chavez. A pet peeve of Bush.
Posted by: Always Hopeful on November 11, 2008 at 5:24 PM | PERMALINK
Ruggie must die!
---------
Saving GM seems unlikely to work.
Letting GM die seems like a waste of resources.
Can we buy GM, cut it up into pieces, replace management and start making better cars?
It shouldn't cost much at this point.
Posted by: MarkH on November 11, 2008 at 7:52 PM | PERMALINK
Apparently GWB is now channeling Herbert Hoover.
Posted by: Doug on November 11, 2008 at 8:24 PM | PERMALINK