December 19th, 2008
01:20 PM ET
6 years ago

Bush team briefed Obama transition on options for automakers

President Bush said Friday that automakers must show they can be profitable businesses by March 31.
President Bush said Friday that automakers must show they can be profitable businesses by March 31.

(CNN) - The Bush Administration briefed President-elect Obama’s transition team over the last several days about options the Treasury was considering for U.S. automakers, according to a transition aide not authorized to speak publicly, though the administration did not ask for Obama or his staff's approval or opinion on the package or any of its specifics.

The aide pointed out that Obama urged President Bush, in their Oval Office meeting after the election, to grant a short term loan to the auto industry on the condition that significant changes we made toward long term viability.

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Filed under: Auto Bailout • Obama transition
soundoff (19 Responses)
  1. Jackie in Dallas

    Well, at least President Bush isn't being as obstructionistic as he has been. Maybe the realization is sinking in that all that lovely power to do whatever he pleases is going away on Jan. 20th...

    December 19, 2008 02:42 pm at 2:42 pm |
  2. Sherrol in Canada

    It's good that Bush allowed that courtesy.

    December 19, 2008 02:59 pm at 2:59 pm |
  3. Cori from Colorado

    I suspected Bush wouldn't ask for their opinions. I'm really surprised that they decided to bail out the Big 3 at the last minute and approve loans. Time will tell that they are delaying the inevitable, they will fail down the road, because they make products no one wants! No matter how many times over they've heard this, it's in one ear and out the other. Our economy will crumble very soon, and this will be another part of Bush's legacy.

    December 19, 2008 03:26 pm at 3:26 pm |
  4. Conservative James, Phoenix, AZ

    To President-Elect Obama,

    Just a suggestion: do the exact opposite of what Bush recommends and you will be doing the correct, rational, and moral thing.

    December 19, 2008 03:35 pm at 3:35 pm |
  5. Sandy

    Bush does not make all the decisions, everything has to be voted upon. Everyone wants to point a finger and blame someone. Why don't we encourage and be positive that Bush and others are all doing what they can to help the US. We all live here and should be behind our Presidents as Americans.

    December 19, 2008 03:35 pm at 3:35 pm |
  6. Brendan H., San Antonio, TX

    Send Bush, his Stepford Librarian of a wife and the rest of the Cabal to Gitmo!!!

    I see they're not going back to the ranch to cultivate sagebrush, but rather to wealthy Dallas suburb, Preston Hollow, with the rest of the wealthy ne'er-do-wells of this world, among them T. Boone Pickens and Mark Cuban!!!

    Besides, Bush is allowing outside advice so if it works, he can claim he helped, and if it fails, he can blame Obama!

    December 19, 2008 03:38 pm at 3:38 pm |
  7. Kevin in Ohio

    Bush acted because our inept Congress didn't. PERIOD.

    December 19, 2008 03:47 pm at 3:47 pm |
  8. VU

    At least they agree on one thing, saving the auto industry.

    December 19, 2008 03:51 pm at 3:51 pm |
  9. Kip D. Fisher

    DO NOT GIVE THE AUTO INDUSTRY A BAILOUT........make them declare bankruptcy like all the small business owners have had to do, like all the American home owners have had to do. These over sized corporations arent special. They could continue to operate under bankruptcy protection, although they would have to downsize (gasp!!), the executives might have to take a pay cut (oh the world is coming to an end), and maybe even lay off some people, but in the long run that would be better than just giving them money for being so completely stupid in how they managed their business.

    December 19, 2008 04:04 pm at 4:04 pm |
  10. Rae

    Good.

    December 19, 2008 04:25 pm at 4:25 pm |
  11. Get over it

    I see that we have another one of Obama's aides "leaking" the story.

    I wonder how much of it is factual. The last time one of his team "leaked" info some of it was bogus.

    December 19, 2008 04:29 pm at 4:29 pm |
  12. Matt

    The man simply oozes confusion.

    December 19, 2008 04:30 pm at 4:30 pm |
  13. Bush lost his balls long ago!

    George Bush is an effeminate sissy boy. He completely failed to LEAD this country during his failed presidency.

    Yes, we can thank him for preventing any other terrorist attacks (so far), but a President should be able to walk and chew gum at the same time! He's just a defeated, shell of a man.

    PS Another sissy boy is Norm Coleman of Minnesota. He lacks the balls to prevent that snake, AL Franken from stealing his seat. What a shame!

    December 19, 2008 04:40 pm at 4:40 pm |
  14. George Bush lost his balls years ago!

    George Bush is an effeminate sissy boy. He completely failed to LEAD this country during his failed presidency.

    Yes, we can thank him for preventing any other terrorist attacks (so far), but a President should be able to walk and chew gum at the same time! He's just a defeated, shell of a man.

    PS Another sissy boy is Norm Coleman of Minnesota. He lacks the balls to prevent that snake, AL Franken from stealing his seat. What a shame!

    December 19, 2008 04:41 pm at 4:41 pm |
  15. Ravi in MO

    Truly a sad day indeed. I knew Bush was going to bail out these companies, but it still makes my blood boil that he went over the Senate. I badly wanted GM to file for bankruptcy, so that it could finally rid itself of that malignant tumor known as the UAW, and then emerge as s viable and strong company. Ditto for Chrysler LLC and Ford.

    December 19, 2008 05:17 pm at 5:17 pm |
  16. Texas Teacher

    George Bush lost his... bal... well, testicles is more appropriate for an old lady school teacher... I'm not so sure we can thank him for anything! The man seems to me to be so intangled in 9/11 that I can't say he is innocent of anything.... this is a man who sat reading to children for over 8 minutes after being told the country was under attack.... then his plane flew in the opposite direction when he finally did begin to act! And his first act upon returning to DC was to see that all his Saudi friends were whisked out of the country post haste! Then he promptly declared war on Iraq and Saddam Hussein! Forget Osama bin Laden.... he is STILL running free.. .if there WAS even an Osama bin Laden at all! Call me a cynic.. .and you are right!

    Oh, yes, this is a man who kept us safe in those years... when I saw him at the 9/11 site right after the horrific event... I had to comment to all who watched with me that what I saw on his face was NOT sadness.... but PURE GUILT, and I still stand by that observation!

    December 19, 2008 05:22 pm at 5:22 pm |
  17. Texas Teacher

    Not that I think Saddam Hussein was a choir boy.. but he was not Osama bin Laden! That fact is for !

    December 19, 2008 05:26 pm at 5:26 pm |
  18. Ex-Republican

    The briefing has been rumored to go as follows: "We're sending them all to Gitmo...let's just say we have some 'waterer boards' that may help convince them to work with us!"

    December 19, 2008 05:49 pm at 5:49 pm |
  19. Clinton Fringer

    So how I take this is Bush cleaned up the mess that Congress made and Obama is trying to make it sound like it was his idea?

    Bush is a better person than me becasue I would tell Obama that he is NOT the president yet so therefore his opinion means nothing..........let him give a daily press conference on that.

    December 19, 2008 06:08 pm at 6:08 pm |