{"id":10120,"date":"2008-12-12T11:00:26","date_gmt":"2008-12-12T11:00:26","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/auto_bailout_negotiations_fail_in_senate_reid_says\/"},"modified":"2008-12-12T11:00:26","modified_gmt":"2008-12-12T11:00:26","slug":"auto_bailout_negotiations_fail_in_senate_reid_says","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=10120","title":{"rendered":"Auto Bailout Negotiations Fail in Senate, Harry Reid Says"},"content":{"rendered":"<p>Senate negotiations for a U.S. automaker bailout plan collapsed, in a blow to General Motors Corp. and Chrysler LLC, which may run out of cash early next year.<\/p>\n<p>\u201cIt\u2019s over with,\u201d\u009d Majority Leader Harry Reid said on the Senate floor in Washington. \u201cI dread looking at Wall Street tomorrow. It\u2019s not going to be a pleasant sight.\u201d\u009d<\/p>\n<p>The Senate began taking a procedural vote on a House-passed plan, though Reid said he didn\u2019t expect it to get the required 60 votes.<\/p>\n<p>\u201cMillions of Americans, not only the autoworkers, but people who sell cars, car dealerships, people who work on cars, are going to be directly impacted,\u201d\u009d said Reid. \u201cIt\u2019s going to be a very, very bad Christmas for a lot of people as a result of what takes place here tonight.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=aSJfTQjwCjrs&#038;refer=home\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate negotiations for a U.S. automaker bailout plan collapsed, in a blow to General Motors Corp. and Chrysler LLC, which may run out of cash early next year. \u201cIt\u2019s over with,\u201d\u009d Majority Leader Harry Reid said on the Senate floor<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=10120\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,151,598],"tags":[],"class_list":["post-10120","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-politics-in-general","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10120"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/10120\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}