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.

Full story

soundoff (77 Responses)
  1. Spencer/VA

    Bailout Detroit and trash the Columbia deal. We have enough issues with NAFTA as it is. What exaclty are we trading with Columbia anyway? Coke and coffee for what????

    November 11, 2008 04:26 pm at 4:26 pm |
  2. No Hillary = No Obama

    Obama, already denying things. Not a good sign. We have come to expect this from Bush. But Mr. Change?

    November 11, 2008 04:26 pm at 4:26 pm |
  3. Salt

    @ J J

    Well as a Democrat, I know I would suck it up and accept it and stop whining and complaining at every turn. I certainly did after both Bush terms.

    But then again, I enjoy being happy and optimistic and I suspect many of the people who post in here don't function that way.

    November 11, 2008 04:28 pm at 4:28 pm |
  4. ron from california

    UAW is responsible for this mess. Their members should take wage cut before any taxpayer money is given to GM. GM hourly employees are paid well above market rate. Who gets paid $35 without decent education..

    November 11, 2008 04:31 pm at 4:31 pm |
  5. JAN

    THE MEDIA NEEDS TO STEP BACK AND LEAVE OBAMA ALONE...CNN EVEN FILMED HIM ENTERING THE BATHROOM ON THE PLANE...THAT IS VERY LOW!!!!

    November 11, 2008 04:31 pm at 4:31 pm |
  6. observer

    Bailing the main street is fine.... many need that to survive to fulfill necessities.

    Bailing out big corporation is very subjective as those companies are still surviving..... May be there are other ways to solve their problems. Furthermore, with Bush tax policies, they have benefited a lot. Bailing them out does not save many jobs. They are not going to hire back the employees they laid off. (The 'rich' better pay more taxes since they take away more bailout.)

    Mr President-Elect, perhaps you could think out of box to solve these problems. Keep bailing out may not be the best solutions.

    November 11, 2008 04:32 pm at 4:32 pm |
  7. voter

    the auto industry problem is two fold. First they need to build fuel efficency cars. Even if those cars are built, people have no money to buy and the banks are not approving loans. Toyota has fuel efficency cars and they are decreasing production and possible closing their plant. the economy needs to be fixed.

    November 11, 2008 04:32 pm at 4:32 pm |
  8. Gary, Detroit

    anon

    Filing chapter 11 still leaves a million others ( or more ) of those indirectly employed by the Detroit 3 holding the bag. I'm talking about the suppliers, sub-contractors, dealerships, steel companies, fabric mills, paint manufacturers, stamping plants, etc., etc., . These people and the companies they work for will all go bankrupt. These small supplier companies when added together employ far, far more than the auto companies themselves. It's nothing at all like the airlines.

    November 11, 2008 04:33 pm at 4:33 pm |
  9. sue

    @ ron from california

    I have family that worked for GM. They were hourly workers and none of them ever made $35 an hour. I don't know where you are getting that from.

    Actually, I'd like to see the executives of GM as well as any other company in trouble take a big hit in there multi-million dollar compensation packages before any workers – blue collar or white collar – take a hit. These workers don't make the decisions that steers a company – the execs do and should not be making millions when the company is in trouble.

    November 11, 2008 04:36 pm at 4:36 pm |
  10. Get over it

    Hey No Hillary = No Obama

    Hillary called, she said to tell you she lost, get over it!

    November 11, 2008 04:38 pm at 4:38 pm |
  11. Michael, Houston Texas

    I agree with most. The Presidient of the United States is George Bush Until 01/20/09 @ midnight. Until then, President Elect Obama is a Senator and has no power over what the White House does until then. You Anti-Obama types are looking for anything and everything to cry about, which makes you look like the losers you are. Obama will be ready as us 65 million knew on 11/04/2008 when he takes over. I can't wait until most of you start benefiting from the Obama Adminstration, well....maybe I can......... you'll probably be complaining about how good your life is and you want to go back to your grumpy miserable days under the Bush Adminstration.

    November 11, 2008 04:39 pm at 4:39 pm |
  12. JO

    Democrats, we have the power NOW.
    Togethers we WIND!!!....this is the only ting count!!!

    November 11, 2008 04:42 pm at 4:42 pm |
  13. mitch

    why would anyone think barack would negotiate with bush over anything?

    November 11, 2008 04:43 pm at 4:43 pm |
  14. Sabuc in Atlanta

    Regardless of leaked innuendo, Bush and the GOP cannot be trusted to keep their word on anything. McCain was the last example of going back on their own words and he represented the new leader of the Republican party!

    I am glad Obama is prepping hard to hit the Presidency running on day one. Keep up the great work and go team Obama!

    November 11, 2008 04:44 pm at 4:44 pm |
  15. Joe the Boxer

    Forget about helping Columbian drug Lords (the high ranking officials within Gov't.). Like always, Refiblicans would rather help other 3rd world countries, so as to set up cheaper labor for potentially out -ourcing American jobs to benfit the Coporate wealthy. And as usual, they would rather forget about helping American citizens suffering from an economy they themseelves (GOP) have caused.

    November 11, 2008 04:44 pm at 4:44 pm |
  16. sexy

    why woldn't he mitch

    November 11, 2008 04:44 pm at 4:44 pm |
  17. Joe the Boxer

    Forget about helping Columbian drug Lords (the high ranking officials within Gov't.). Like always, Refiblicans would rather help other 3rd world countries, so as to set up cheaper labor for potentially out -sourcing American jobs to benfit the Coporate wealthy. And as usual, they would rather forget about helping American citizens suffering from an economy they themseelves (GOP) have caused.

    November 11, 2008 04:44 pm at 4:44 pm |
  18. Unemployed

    So when are they going to start bailing out people like me who 's job (formerly employed by a major bank) was eliminated as a result of a bank bailout last spring?

    November 11, 2008 04:47 pm at 4:47 pm |
  19. scott l

    Cool we can Bail them out and then raise the gas tax $1 to help pay for it . So much for the prices going down

    November 11, 2008 04:49 pm at 4:49 pm |
  20. marnie

    please don`t bail out auto workers. do you know they make 48 to 85 dollars per hour? this is disgraceful. let them take a drop in pay like a lot of co`s do. i heard their med, insurance is for life. come on let`s get real.

    November 11, 2008 04:49 pm at 4:49 pm |
  21. sexy

    Why does it matter when you get a job I mean thats your choice do you have a college education?

    November 11, 2008 04:50 pm at 4:50 pm |
  22. jim

    I'm a retiree from the auto industry and a lot of people do not know what they are talking about. I have been in 3 lay offs and they are not pretty. If the Big Three fall then a lot of jobs will go under, and it is more than you can imagine.

    The auto industry is the heart of America with a lot of veins connected. Make note it is not only the auto workers it is the railroad, truckers, vendors, dealers, furniture, pipes, metal, coal, restaurants, stockholders, retail, housing, lenders, united way, ups and the whole nine yards, there is a connection and if they don't get the money they need there will be a dominoe effect on jobs near and far that will not stop. This will cause a shut down all over America.

    You may be pointing fingers now but this is not the time. The auto industry need help like yesterday and not tomorrow.

    November 11, 2008 04:54 pm at 4:54 pm |
  23. a Rose from Iowa

    This is all new and historic yet I believe we are on a better track and going the right way. WHEW!!!
    Thank God the GOP got taken out so broadly.
    Progressives move progress forward. Let's stand by this President elect Barack Obama. He has great team that are super intelligent and super capable, so stand back and give them some space.

    November 11, 2008 04:56 pm at 4:56 pm |
  24. tiffany in ohio

    I think the banks an the auto industry should go down.....then a new an improved banking system an auto industry will emerge. all these things were ran terribly under Bush now we need to have an new industry to begin a new an improved America

    November 11, 2008 04:56 pm at 4:56 pm |
  25. anonymous

    Mia and MIke – he wouldn't have to "get a hold" of anyone if HE would keep HIS mouth shut! Typical black! They just have to brag! Boy, you dems sure voted in a good one! He'll have his country under communist rule in 6 months if he's not stopped! He thinks its all going to be "his way". I've got news for the dressed up "suit"!

    November 11, 2008 04:57 pm at 4:57 pm |
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