The Colorado Independent,2020
All Right Reserved.
Home Tags Auto bailout
Tag: Auto bailout
Radio talker Hugh Hewitt -- fresh off his call for American consumers to boycott General Motors -- arrives in Colorado on Friday for a congressional fund raiser in Denver and the chance to mingle with up-and-coming conservatives in Parker.
Monday, the state was presented with the downcast rural face of the banking crisis -- the fallout in Greeley of the bad loans and shrinking reserves that mark the nation's economic reality. How many more Greeleys should we expect to see in the next few months? According to the influential Baseline Scenario bloggers, it depends on who wins in the great and mostly unreported battle that's waging between the Finance Industry and the American People.
As the nation’s automakers near collapse, global temperatures rise, and consumers and government wallow in debt, there might be a one-stop remedy for all three: raise the gas tax. The chief boosters of the idea are not Washington policymakers. Instead, they are some of the nation’s top economists, environmentalists and newspaper editorial boards.
It doesn't come as much surprise that the Colorado congressional delegation's votes on the $14 billion financial bailout of the U.S. auto industry split along party lines. The House Dems supported the bill while their Republican counterparts, CD 5's Doug Lamborn and CD 4's Marilyn Musgrave, rejected the plan. Retiring Rep. Tom Tancredo did not vote. Where it gets interesting is the apparent correlation between partisan vote splitting and which special interest group supports said lawmaker.