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. Alice Newman Center Harbor NH

    ... and your point is ???

    I thought everyone wanted bipartisanship? As for bailing out the automakers, balance that with the cost of unemployment for thousands more and the ripple effect on all of us.

    I'd rather see AIG, who again sent their top executives on an expensive, so-called secret week of meetings ... to practice their lies and begging skills. If the Holiday inn is good enough for Pastor Huckabee, it is almost too good for AIG!

    November 11, 2008 05:01 pm at 5:01 pm |
  2. Bob S S

    I Still say , any one who goes out and buy's beyond there means.

    And now wants the rest of the country to pay there bills , so they can live Hollywood style .

    Suffer , No one every gave me anything. No one ever came to my door and say , Here is your free weekly check , need more , we will give it to you.

    I say , days work , never hurt any one. But No these people have lived , hollywood style . I say sorry. You didn't need 2 suv's an a boat. Live with in your means. Go to work . Come back an do it again . No Starbucks today. Try an old dried out piece of bread OK!!

    November 11, 2008 05:04 pm at 5:04 pm |
  3. Purnell K3 IL

    Please do not betray the people for a deal with Bush, all he cares about is making his rich friends richer!

    Now it the time to lower the Maximum Interest Rate for Mortgages, Bank Loans, and Credit Cards! By lowering the maximum rate on these interest rate that almost every Americans use in their lives, you can give instant relief to all American who are suffering from mounting debt, by cutting their monthly costs! Hopefully you will lower Mortgages to a maximum of ten percent, Bank Loans to a maximum of twelve percent, and Credit Cards to a maximum of fifteen percent! It does not make much since to make Credit Cards Companies rich while Americans are going broke!

    New Automakers who want to produce electric cars are making a big push to get them on the roads of America. The Big Automakers made a choice to scrap and destroy electric cars back in 2003, now they should be allowed to fail since they chose to sell more auto parts rather then look to the future or plan for the future!

    November 11, 2008 05:04 pm at 5:04 pm |
  4. ran

    People we will get out of this mess once Obama takes over. Change is a coming for us all. It will take hard work from all of us. We must come together as a nation or we will be done for. We must learn from our past. The election is over and it is now time to come together and get this country back working for us all.

    November 11, 2008 05:12 pm at 5:12 pm |
  5. Tim

    Why wouldn't Obama tell his people to keep their mouth shut about private conversations. Politics as usual, but Change You Can Believe In?

    November 11, 2008 05:21 pm at 5:21 pm |
  6. David

    No matter what bad happens while Obama is president, it will be blamed on Bush. Hang on for change.

    November 11, 2008 05:24 pm at 5:24 pm |
  7. anonymous

    Sue – I have an uncle that retired from GM's Arlington plant. When the plant would close down, he would go about his merry way, building his house or whatever, because the UNION paid him 95% of his salary which, by the way, was nothing to sneeze at! The unions are a huge part of the problem!!!

    November 11, 2008 05:27 pm at 5:27 pm |
  8. PDX Gal

    If Bush could just simply fail at this CFT deal the way he has failed at everything else, it would be a nice parting gift on his part. Luckily it's not on the Dem agenda for the congressional session.

    There's no way BO could have tried to link these without some protest from Joe the Labor Guy.

    The most probable reason for the denial is because it did not happen, unless Biden is suddenly going to reverse his 35-year platform history.

    November 11, 2008 05:31 pm at 5:31 pm |
  9. Enjoying life to the fullest! :)

    Some things are going to have to be dealt with once Obama sits in the Oval office. There are PLENTY of things to be done/reverse and it WILL take time. "Rome wasn't built in a day"... Even God with all His powers did not form all the heavens and earth in one day either! (I'm NOT stating Obama is God or the Messiah like some do.) It's just going to take some time to "undo" the damage left over by the current administration. Yes, the current "admi" is still in power for those who think Obama should be doing more. It's ONLY been 7 days! You have to wait until January people...

    November 11, 2008 05:33 pm at 5:33 pm |
  10. Whiners

    If you got a new job and the boss started berating you for the blunders of your predecessor on your very first day, how would you feel? Instead of waiting for Obama to hiccup so you can lambaste him you should be praying for him because he has been given a janitorial job – CLEANING UP A CESSPOOL! Furthermore, as a President-elect, there are restrictions on what he can publicize at this point in time.

    November 11, 2008 05:34 pm at 5:34 pm |
  11. Randy , Indiana

    I can wait until Bush and his clowns are out of office then maybe we the country will get back to basics and start moving the country in the right direction. Stem cell I am for that one

    November 11, 2008 05:39 pm at 5:39 pm |
  12. Purnell K3 IL

    Now it the time to lower the Maximum Interest Rate for Mortgages, Bank Loans, and Credit Cards! By lowering the maximum rate on these interest rate that almost every Americans use in their lives, you can give instant relief to all American who are suffering from mounting debt, by cutting their monthly costs! Hopefully you will lower Mortgages to a maximum of ten percent, Bank Loans to a maximum of twelve percent, and Credit Cards to a maximum of fifteen percent! It does not make much since to make Credit Cards Companies rich while Americans are going broke!

    New Automakers who want to produce electric cars are making a big push to get them on the roads of America. The Big Automakers made a choice to scrap and destroy electric cars back in 2003, now they should be allowed to fail since they chose to sell more auto parts rather then look to the future or plan for the future! Failing to plan is a plan to fail!

    November 11, 2008 05:52 pm at 5:52 pm |
  13. Purnell K3 IL

    New Automakers who want to produce electric cars are making a big push to get them on the roads of America. The Big Automakers made a choice to scrap and destroy electric cars back in 2003, now they should be allowed to fail since they chose to sell more auto parts rather then look to the future or plan for the future! Failing to plan is a plan to fail!

    November 11, 2008 05:57 pm at 5:57 pm |
  14. Purnell K3 IL

    Why is our congress so wimpy, they keep give American International Group AIG money and all they do is spend it on dumb stuff like parties, and they try to hide that they are having parties too!

    November 11, 2008 06:03 pm at 6:03 pm |
  15. Richard A. Spomer

    While the President Bush administration was looking out for the mortgage fallout, the President-elect Obamas administration will be looking at the opportunity of help bail out the auto industry. I wish the Dem’s the best, however they need to be mindful of the country as a whole so the wont have a recourse come 2012 or there of!

    Being over zealous can be as bad as greedy that leads to corruption, which can destroy an administration as well.

    November 11, 2008 06:04 pm at 6:04 pm |
  16. Limbaugh is my Saviour

    Rush and I love all this.We can make a fortune off the morons in the next four years.Our jobs are secure,shame yours isnt.

    November 11, 2008 06:28 pm at 6:28 pm |
  17. Bowling for Bailouts and bonuses

    Both of them should have listened to Ron Paul.

    November 11, 2008 06:31 pm at 6:31 pm |
  18. Ms. B in California

    wasn't this collapse predicted like twenty years ago when it became obvious that US auto companies needed to start looking at energy saving cars? The Asian markets did and look at where they are now. US companies were greedy and just didn't want to look down the road to the future of where cars were going. They wanted the biggest and baddest SUVs and trucks and didn't care about nobody including the evironment when they were making them. I think that just like the banks, they should pay for their short sightedness. Everything has a cycle and change is with us all the time. We can't hold on to the old way of doing things and the banks and auto companies have played their course. Besides, everything else we buy came from another country, why not our cars too? That is just so pitiful.

    November 11, 2008 06:34 pm at 6:34 pm |
  19. Simmy

    TO: Sad Sarah and No Hillary = No Obama:

    I feel for you – pity that is. I felt cheated when the Republicans stole two elections. It must be much more devastating to be defeated by such a large margin, and not have a controversy surrounding it!

    No one was able to cry foul; we demand a recount! Life is good!

    Come on back into the human race people!. President Obama is your president too; like it or not! Standing behind him now would be the patriotic thing to do, and that would be truly putting Country First!

    November 11, 2008 06:36 pm at 6:36 pm |
  20. Anita of georgia

    Bush don't you know most American, could care less about any free trade agreement with columbian. Tell us how the crisis here in America is going to be taken care of. Put your country first for once in your life time.

    November 11, 2008 07:06 pm at 7:06 pm |
  21. So it begins..

    In order to vet a proposal, Obama deliberately leaked a private and top-level conversation.

    Expect it to happen again. This is what happens when put someone who never had to work for a thing in their life and has no experience into a leadership position. Skilled diplomats the world over are going to have a field day with this guy.

    But lets look at what is really going on. UAW and other union PACs contributed over 40 million dollar to Obama's campaign. He has to pay them back now. This is typical corrupt Chicago-style politics.

    Change? That is just a line to get elected. When Obamabots are in the midst of the impending depression just remember that you are the ones who believed hype over substance and catch words over sound fiscal policy.

    November 11, 2008 07:11 pm at 7:11 pm |
  22. Lynn in NM

    You expect me to believe anything a politician says? If they deny, it's usually not the truth.

    November 11, 2008 07:13 pm at 7:13 pm |
  23. M. WINNERS

    If Bush trys to hold financial aid to the US auto industry hostage for some trade deal with a banana republic he should be tarred, feathered and rode out of town on a rail...

    November 11, 2008 07:13 pm at 7:13 pm |
  24. Jack

    How can there be any bargaining between them when President elect Obama wants to put people to work and President Bush wants to put people out of work with cheap labor from Colombia?

    November 11, 2008 07:33 pm at 7:33 pm |
  25. Lucid

    If the US auto makers could learn how to make a quality car, perhaps they wouldn't be in this mess. A bailout is just a temporary fix and does not address the core issue. Until they learn how to produce quality vehicles, they will continue to fail. Why throw money away to postpone the inevitable?

    November 11, 2008 07:37 pm at 7:37 pm |
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