November 11th, 2008
03:35 PM ET
5 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. JL

    I think we need to wait and see what Obama does, rather than speculating and over-analyzing his every move. We need to wait at least until he is sworn in, or has a team under him, before we start this speculation.

    November 11, 2008 03:48 pm at 3:48 pm |
  2. Matt

    HAHAHAHA...can't wait to see all the religiots come out of the woodwork crying about stem cells and abortion. That's right. I'm laughing at you because you seem to have forgotten that this entire country's existence is premised on people keeping their religion out of other peoples' affairs. You can avoid offering a comments section on that article to avoid the controversy CNN, but people are still going to want to talk about it, cry about it, wave picket signs about it...and the resst of us who understand the premise of America will just laugh and laugh and laugh. Ooops, did yo lose the opportunity to pack the Supreme Court with neocons? TOO BAD!

    November 11, 2008 03:50 pm at 3:50 pm |
  3. IowaMom

    November 11th, 2008 3:48 pm ET

    I think we need to wait and see what Obama does, rather than speculating and over-analyzing his every move. We need to wait at least until he is sworn in, or has a team under him, before we start this speculation.
    ------------------------

    I agree. After all, we all should know we cannot believe everything we see on the internet, that's for sure!

    November 11, 2008 03:52 pm at 3:52 pm |
  4. Business is business

    Already in denial.
    :-(

    November 11, 2008 03:53 pm at 3:53 pm |
  5. Brendan H., San Antonio, TX

    Bush still has lots of time to leave a real mess, and he's going to be leaving the biggest of all-time as it is! Obama is going to have his work cut-out for him, for certain, and I don't envy his situation. I see where Limbaugh, unaware that he hasn't even been sworn in yet, is already starting the failed presidency rant. When are we going to get the full story on the Oxycontin Prince anyway?!?!

    November 11, 2008 03:57 pm at 3:57 pm |
  6. anon

    bailing out the auto-industry will only delay the inevitable and cost the taxpayers billions.

    let them file for chapt 11, re-organize, re-structure, and re-tool.

    Filing chapt 11 doesn't mean they go away for ever and all their employees lose jobs. Airlines do it.

    November 11, 2008 03:59 pm at 3:59 pm |
  7. Salt

    Seriously everyone needs to step back and let the man work before jumping to conclusions on everything. It's so sad that people are just sitting around waiting for the guy to make a mistake. I'm quite sure the Dems wouldn't be so childish if McCain had won.

    November 11, 2008 04:00 pm at 4:00 pm |
  8. Mia and Mike

    I'm getting a little worried about all of these "leaks" lately. Our new Presdent needs to get a better hold on these people! I'm quite sure he will in the next few weeks, but there's my two cents.

    November 11, 2008 04:00 pm at 4:00 pm |
  9. Hopeful for Tomorrow

    @Business is Business - Yeah, because you have more insight to what's going on then what you make up.

    November 11, 2008 04:01 pm at 4:01 pm |
  10. Matt

    @ IowaMom

    No way. The interwebz is teh new bible. I saw it on the interwebz.

    November 11, 2008 04:02 pm at 4:02 pm |
  11. steve r

    Why would Hussein Obama work with anyone now. He is ever so close to having the ultimate power which the democRATS have been moaning about for the last 8 years...

    Hang in there Hussein Obama claim victory for yourself but do not give Bush one before he is gone.

    November 11, 2008 04:02 pm at 4:02 pm |
  12. Wally©

    So what !!!

    The US auto-industry has to be helped...and needs to restructure just like we did in Europe...

    This restructuring should be made mandatory if they are to receive tax-payer help...with no taboos on either side...

    Letting the big three fail will have world wide repercussions !!!

    November 11, 2008 04:04 pm at 4:04 pm |
  13. J J

    JL November 11th, 2008 3:48 pm ET

    "I think we need to wait and see what Obama does, rather than speculating and over-analyzing his every move. We need to wait at least until he is sworn in, or has a team under him, before we start this speculation."

    Especially since he sanitized his websites and no longer has details of what he promised.

    November 11, 2008 04:06 pm at 4:06 pm |
  14. Barbara in NC

    steve r - that would be President Barack Hussein Obama.

    Ha ha ha ha ha haha

    November 11, 2008 04:07 pm at 4:07 pm |
  15. J J

    Salt November 11th, 2008 4:00 pm ET

    "Seriously everyone needs to step back and let the man work before jumping to conclusions on everything. It's so sad that people are just sitting around waiting for the guy to make a mistake. I'm quite sure the Dems wouldn't be so childish if McCain had won."

    I am quite sure you are wrong.

    November 11, 2008 04:07 pm at 4:07 pm |
  16. IowaMom

    Matt November 11th, 2008 4:02 pm ET

    @ IowaMom

    No way. The interwebz is teh new bible. I saw it on the interwebz.
    ----------------------------
    Wow, cool. Ok since that's true "the Hawkeyes are going to win the national championship this year".

    There it's on that fancy interwebz now so I guess it is true. Yippeee!!

    November 11, 2008 04:07 pm at 4:07 pm |
  17. rusty

    Bush had better do something before he leaves because Obama does not have a clue !

    November 11, 2008 04:11 pm at 4:11 pm |
  18. k

    And this blabber mouth now holds the secrets of our nation and our safety in his hands...thanks America!

    November 11, 2008 04:13 pm at 4:13 pm |
  19. Shari, NY

    Is it the 20th of January yet. Did someone fast forward the clock? Methinks that a bit of confidentiality lurked within the meeting. PATIENCE IS A VIRTUE!!!!!

    November 11, 2008 04:14 pm at 4:14 pm |
  20. LB

    Obama may be the President Elect, but until he is sworn in as President, his power to do anything is only as a Senator. The ball is still in Bush's hands and only he has the power to throw it in any direction he wants, right or wrong. Then Obama will have to chase it down and get it sent in the right direct. That being what is best for the good old USA.

    November 11, 2008 04:17 pm at 4:17 pm |
  21. J J

    If there is a bailout it should be more along the lines of loans contingent upon higher mileage vehicles and also UAW concessions or dissolving the unions. The imbedded cost of the unions make the cars more expensive than they are worth. There are plenty of non-union car manufacturing in the US. I dont see Honda struggling like GM is, and the one I own was build here.

    November 11, 2008 04:17 pm at 4:17 pm |
  22. Silence Dogood

    "worried about all of these "leaks""

    Hey that was Obama's main strategy during the campaign: leaks, innuendo, and I-didn't-know. But that doesn't really make it as a leader. Unless you want things NOT to change. Oh wait......

    November 11, 2008 04:20 pm at 4:20 pm |
  23. Poli-Tic

    From the policies that Obama is going put in place it looks like a Hoover administration. This administration looks like it going to lead the country into the worst depression ever.

    The Clinton administration started this mess by loosening up the controls on borrowing? Remember the guy Green Span saying he made a mistatke? Well that eight years of Clinton has hit us hard and we are paying for it.

    Does anyone remeber that the american people were up in arms to go after the terrorist after 9/11? So Bush followed the peoples wants to go after the terrorist. So now we're going to pull out of the region and allow the rebuilding of the terroist. I hope the american people are ready to pay for Obama's election through their wallets and possibly their childrens lives.

    November 11, 2008 04:24 pm at 4:24 pm |
  24. LyonsPhilly

    Obama be careful. No one is to be trusted unless you appoint them. Those republicans probably have something up their sleeve. They're like a bad penny, just can't get rid of them.

    November 11, 2008 04:24 pm at 4:24 pm |
  25. Gordon

    I thought the process was that if a company could not make it, they could file for bankruptcy. It give an opportunity to reorgainze.

    Other auto industry companies around the world, with companies here in the US are not asking for handouts!

    November 11, 2008 04:25 pm at 4:25 pm |
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