Chrysler Throws In The Towel

By Suzia van Swol, University of New Mexico-Talk Radio News Service
One-time giant Chrysler filed for bankruptcy protection today, but President Obama says he has every confidence it will emerge from this process stronger and more competitive.

After speaking with the President today, U.S. Rep. Marcy Kaptur (D-OH) said that the auto industry is important to the U.S. defense industrial base and the economic power of Northern Ohio. “Most important are the 30,000 jobs saved at Chrysler,” said Kaptur.

Kaptur said that the auto industry was brought down by Wall Street and it deserves to flourish. “The government will stand behind the working capital for Chrysler in the form of working capital and loans,” said Kaptur.

Striking comparison with other bailouts, Kaptur said that if you look at who got the big money, “the AIG gets 70 billion, one company?” She went on to say that TARP should have been opened up for vehicle sales
and for the financing of dealership showroom floors. Instead, there was a total credit strangle hold, which still is impacting this industry, and unemployment started to tick up all across the country.

The federal bankruptcy court will ultimately determine Chrysler’s immediate future, but Jeeps might still get a chance to four-wheel over mountains.

“The Most Dangerous Credit Card in the History of the World”

By Michael Ruhl, University of New Mexico – Talk Radio News Service

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House Minority Leader John Boehner (R-Ohio)
Photo by Michael Ruhl

House Minority Leader John Boehner (R-Ohio) called congressional voting cards “the most dangerous credit card in the history of the world”, because then enable Congress and the president to engage in reckless spending. This was not Boehner's first criticism of Obama, but his statement came on the 101st day of the Obama Administration, a time which Boehner has criticized as being pock marked with excessive borrowing, reckless spending and a massive growth in government.

Boehner said that Democrat’s “record on spending and debt is staggering, but our economy is growing weaker, and it’s not going to get any better by growing the size of the government here in Washington.”

Boehner believes that the Democratically controlled Congress has enabled and contributed to the recklessness, and thinks it is up to the Republicans to put a stop to it. Republicans must be “the party of better solutions” if they are going to stand up to the Democrats in Congress, Boehner said, adding that he hopes Democrats will be committed to a bipartisan policy approach..

Citing the elections of 2008, Boehner said “out brand has been tarnished”, but to help the party serve the American people, Republicans must stand up to the Obama Administration when disagreements arise, and to offer alternative solutions.

Leader Boehner applauded President Obama on his strategy towards Afghanistan and Iraq, but showed concern at Obama’s greater national security policy.

“The big question continues to be: what is the Administration’s overarching plan to fight terrorism? Judging from their recent decision to release 30 terrorist detainees with no plan on where to put them, it continues to beg the question,” referring to Obama’s closure of the Guantanamo Bay detention center without knowing where the detainees will be sent.

Specter’s Spectacle

By Michael Ruhl, University of New Mexico – Talk Radio News Service

Senator Arlen Specter
Photo by Michael Ruhl

Senator Arlen Specter (Penn.) says that he left the Republican Party because they had stuck their nose into party affairs to the point of breeding extremism. Ironically the Democrats are doing the exact same thing to their newest member. Micromanaging from the highest level doesn’t seem to be exclusive to the Republicans.

Yesterday Specter walked away from the party he has been with for nearly four decades, because he felt they were ignoring moderate voice. Specter announced his decision to defect to the Democratic Party, only the twenty-first time that a Senator has done such a thing since 1890.

President Barack Obama and Senate Majority Leader Harry Reid (D-Nev.) have both said they will fully support Specter in his 2010 election, but Congressman Joe Sestak (D-Penn.) was not sure that the party establishment should be backing Specter in this way.

“If decisions and candidates are being chosen in Washington, you may just reemphasize that divisive barrier that’s between the parties,” Sestak said. “I think we cannot afford to have a decision that is so important to Pennsylvanians be decided by the party establishment,” and that the voters should be the ones to choose their candidate.

Sestak is rumored to be considering running for the Pennsylvania Senate seat, and would come up against Specter in the Democratic primary. When asked directly, Sestak said he had not decided yet whether or not he would run. Another contender, Representative Allyson Schwartz (D-Penn.) said today that she would not run for the seat.

The republican response has ranged from anger to confusion. Republican National Committee Chairman Michael Steel likened Specter to Benedict Arnold.

“Clearly, this was an act based on political expediency by a craven politician desperate to keep his Washington power base - not the act of a statesman,” Steel said. “Arlen Specter handed Barack Obama and his band of radical leftists nearly absolute power in the United States Senate.”

Specter responded, “I have not represented the Republican Party, I have represented the people of Pennsylvania.” He was referencing the fact that in the past months there has been an exodus from the Republican Party in Pennsylvania, where over 100,000 individuals changed their party registration from Republican to Democrat.

Specter is defending his position as being one of riding with the tides of his constituency, instead of bowing to the will of a national political party. Critics see it as a survival move of a desperate politician.

Speaking today with President Barack Obama and Vice-President Joe Biden, Specter said that staying in the Senate would allow him to carry forward important initiatives for his constituents, speaking specifically about expanding medical research.

Specter would prove to be the 60 Democrat in the Senate, provided that comedian Al Franken prevails in his court case for the Minnesota Senate. Sixty votes, called a supermajority, is enough to override a Republican filibuster. Specter said previously, though, that he was not going to simply back the Democrats automatically, and President Obama acknowledged that, saying, “I don’t expect Arlen to be a rubber stamp.” According to Obama, he and Specter agree in the areas of health care, education, medical research

Bi-partisan Bill Gives Obama More Power Over Iran Sanctions

By Kayleigh Harvey - Talk Radio News Service

Liberals and Conservatives stood together at a Senate press conference today to discuss the Iran Refined Petroleum Sanctions Act.

Senator Evan Bayh (R-Ind.) author of the bill, along with Senators Joe Lieberman (I-Conn.) and Senator Jon Kyl (D-Ind.), said that bi-partisanship had been achieved on this bill because of the “critical importance of this issue.”

The purpose of the legislation, which expands on the Iran Sanction of 1996, Lieberman said is, “to empower President Obama...by providing him with the explicit authority to target Iran’s achilles economic heel, which is its dependence on imports of petroleum...most notably gasoline.”

Lieberman accused previous legislation of being “quite ambiguous” and said that this legislation would “eliminate” that ambiguity. The new proposal would provide the President with a “powerful new weapon to use in the negotiations with Iran,” said Lieberman. Adding it is up to President Obama to decide, “when, where and against whom to use it.”

Bayh said the bill would help to “strengthen the President’s outreach” to Iran. Adding “if events continue go as they are currently going, then at some point during the next two to four years Iran will have a nuclear weapon”. This would have a “destabilizing” effect on the entire world,” said Bayh. This bill, he said, “gives us our best opportunity to avoid that outcome without the resort to military force.”

Kyl said the bill gives the President the tool to “stop companies who continue to sell refined gasoline to Iran or provide refining capacity from doing business in the United States or through the American banking systems.”

“In effect what we are saying to the few companies in the world who provide this refined gasoline to Iran is, ‘You can either do business in our $13 trillion economy with us, or you can do business with Iran with its $250 billion economy, but you can’t do both,’” said Kyl.

In closing Lieberman said, “this is important legislation introduced at a critical time whose consequences for the people of America, Iran, Israel and the Arab world are going to be quite serious.” Adding that he hoped this bill would make it “more likely” for the “diplomatic engagements” between President Obama and the Irani government to succeed and that “they will peacefully abandon their nuclear ambitions.”

Twenty-five U.S. Senators, from both parties, have currently signed their name as a co-sponsors to this piece of legislation.

Blackburn: Democrates Trying To Tax As Fast As They Can

By Suzia van Swol-University of New Mexico, Talk Radio News Service

President Obama may be getting too friendly with Venezuelan President.

House Republicans will have conversations this week concerning the after math of the Summit of the Americas. The summit, which was held last week in Trinidad and Tobago, raised concerns for Republicans who have taken a hard line against Venezuelan President Hugo Chavez, who for years has ridiculed the U.S. and openly criticized its foreign policy.

Congressman Mike Pence (Ind.), Chairman of the House Republican Conference and member of the Foreign Affairs Committee, outlined the upcoming week during a weekly pen and pad session, and said House Republicans will discuss Cap-and-Trade legislation which Democrats are proposing.

Cap-and-Trade would put a limit on the amount of greenhouse gas an oil or electric company can emit, and anything exceeding a set “cap” results in companies buying pollution allowances or credits from companies who have not exceeded their limits.

Pence said that Republicans are in the process of not only developing a rebuttal but offering alternatives to the “legislation that could result in utility rates of every American household increasing by $3,128 per year,” and leaves Republicans demanding details said Pence.

This dollar estimate is based on an Massachusetts Institute of Technology study, but according to a Pence staffer, Prof. John Reillyin, who is in charge of the study, believes the number should be cited lower due to anticipated rebates.

Pence said that “we are using the numbers that are in the public domain right now, the Democratic leadership has offered no numbers.”

U.S. Rep. Marsha Blackburn (TN) joined Pence in his discussions and said that there are other options that should be included in Cap-and-Trade legislation such as clean coal technologies and bio-diesels, and that it would be a shame to take things completely off the table simply because Democrats “are rushing to the finish line, trying to get in a tax as fast as they can,” said Blackburn.

“Congress has a gun held to our head, and we grab it and we shoot ourselves in the chest, ya know because that’s the action that they are taking this year,” she said.