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Associated Press:
$14B auto bailout dies in Senate — WASHINGTON - A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers Thursday night after a partisan dispute over union wage cuts derailed a last-ditch effort to revive the emergency aid before year's end.
Discussion:
MSNBC, Firedoglake, D-Day, The Other McCain, Wizbang, Riehl World View, Spin Cycle and The Jed Report
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Wall Street Journal:
Rescue Bid for Detroit Collapses in Senate — WASHINGTON — A frantic, last-ditch attempt to forge a relief package for the auto industry collapsed in the U.S. Senate, dealing a giant blow to the immediate hopes of the Big Three. — Senate Majority Leader Harry Reid of Nevada suggested …
New York Times:
Auto Suppliers Share Anxiety Over a Bailout — DETROIT — With Congress failing to agree on a bailout for Detroit, the odds that General Motors and Chrysler will be insolvent by year's end are growing rapidly. — The companies have been warning that they would run out of money for some time …
Elizabeth Kolbert In / New Yorker:
NOTE TO DETROIT: CONSIDER THE REFRIGERATOR — This past summer, Steven Chu, the Nobel Prize-winning physicist who currently heads Lawrence Berkeley National Laboratory—and who has been tapped to be the next Secretary of Energy—delivered a talk on climate change and how to combat it.
Discussion:
Talking Points Memo
Dana Bash / CNNMoney.com:Bank bailout funds could be used for Detroit
Discussion:
Wall Street Journal, Pam's House Blend, Firedoglake, Oliver Willis, American Street and Hullabaloo
Paul Kane / Washington Post:Auto Bailout Talks Collapse as Senate Deadlocks Over Wages
Discussion:
McClatchy Washington Bureau, Wonk Room, The Corner, Guardian, Spin Cycle, Open Left, Balkinization, Firedoglake, Townhall.com, Hot Air, TIME.com, naked capitalism and Kevin Drum
Sarah Binder / The Monkey Cage:Car Talk — Gentlemen [sic], start your engines!
Discussion:
Robert Reich's Blog
Chicago Sun Times:
Obama chief of staff Rahm Emanuel ducks reporters' questions — President-elect Barack Obama's chief of staff, Rahm Emanuel, refused to take questions from reporters this morning about whether he was the Obama “advisor” named in the criminal complaint against Gov. Rod Blagojevich.
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New York Times:
Obama to Detail Any Staff Talks on Senate Seat — CHICAGO — President-elect Barack Obama pledged Thursday to disclose any interaction between his transition team and the office of besieged Gov. Rod R. Blagojevich of Illinois, while declaring again that he and his staff had no involvement …
Discussion:
Washington Post, Gawker, ArchPundit, Talking Points Memo, NO QUARTER, The Agonist and Patterico's Pontifications
The Politico:
Obama damage control — He was elected president on a promise of “transparency” but barely five weeks later, Barack Obama is scrambling to meet his first big test on openness. — Obama's campaign lawyer Bob Bauer is taking a leading role in conducting what one top aide described as …
Jack Healy / New York Times:Obama Says He Never Spoke to Governor on Senate Seat
Discussion:
The Swamp, Gateway Pundit, Fox News, Buck Naked Politics, Scared Monkeys, JammieWearingFool, Taylor Marsh, Wake up America and The Politico
Bloomberg:
Madoff Charged in $50 Billion Fraud at Advisory Firm — A A A — Dec. 11 (Bloomberg) — Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, was charged with operating what he told employees …
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New York Times:
Prominent Trader Accused of Defrauding Clients — On Wall Street, his name is legendary. With money he had made as a lifeguard on the beaches of Long Island, he built a trading powerhouse that had prospered for more than four decades. At age 70, he had become an influential spokesman …
New York Times:
Report Blames Rumsfeld for Detainee Abuses — WASHINGTON — A report released Thursday by leaders of the Senate Armed Services Committee said top Bush administration officials, including Donald H. Rumsfeld, the former defense secretary, bore major responsibility for the abuses committed …
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Ben Smith / Ben Smith's Blogs:
McCain pollster: Wright wouldn't have worked — John McCain's top pollster, Bill McInturff, said this evening that attacking Barack Obama over his relationship with Rev. Jeremiah Wright would not have helped McCain's campaign and could have destroyed his presidency, had he been elected.
Discussion:
marbury
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CNN:
Powell: GOP ‘polarization’ backfired in election — (CNN) — The Republican party must stop “shouting at the world” and start listening to minority groups if it is to win elections in the 21st century, former Secretary of State Colin Powell said Thursday. — In an interview with CNN's Fareed Zakaria …
Discussion:
Right Wing News, Gawker, Macsmind, The Moderate Voice, AMERICAblog News and American Street
TwinCities.com:
In Senate recount, wrongly rejected votes seem more numerous than first thought — At least 358 Minnesotans did everything right on their absentee ballots — they sent them in on time, signed them where they should have and were properly registered — but their votes were not counted.
Discussion:
TPM Election Central, The RBC, Buck Naked Politics, MyDD, MinnPost and Real Clear Politics
Paul Krugman:
Nosedive — Another day, another terrifying economic report, this time on unemployment claims. — So are we now losing jobs at the rate of 600,000 a month? 700,000? If fiscal expansion takes, say, 8 months to kick in (and that's optimistic), where will that leave us?
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