November 11th, 2008
03:35 PM ET
6 years ago

Obama, Bush deny bailout bargaining

NEW YORK (CNN) - Both the White House and a senior aide to President-elect Obama on Tuesday emphatically denied there had been any attempt on the part of President Bush - while meeting with Obama on Monday - to link a federal bailout of the struggling auto industry or a second stimulus package to passage of a Colombia free trade deal.

Those two financial packages are favored by many Democrats, including Obama, while the free trade deal remains a top priority for the outgoing administration.

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soundoff (77 Responses)
  1. Ron, Wisconsin Dells .WI

    The auto industry needs to clean house starting at the top before any goverment bailout and make way for a new direction to more enviromentally cleaner emmision cars.That would be the deal from the goverment and to impose regulations .To make them clean out there low quality products that only rip the american people off.And up hold there warranties.Which they do not now,There standards need to be on the up and up and the best quality and to be more competetive with foreign auto makers abroad.If not then they should not be entitled to any bailout because it will only fail in disaster.

    November 11, 2008 07:52 pm at 7:52 pm |
  2. J.C.

    If Columbia is one of the few friends we have in South America, I can see why it is important for us to stay close to Columbia and trade with them.
    We wouldn't want to isolate ourselves in South America, would we?
    Economy and trade, education, energy and national security are all correlated.

    November 11, 2008 08:30 pm at 8:30 pm |
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