GOP Senator: Bailout, 'ass backwards'
Posted: Wednesday, December 10, 2008 12:01 PM by Domenico Montanaro
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Congress
From NBC's Ken Strickland and Mike Viqueira
Republican Senator David Vitter of Louisiana, who is adamantly against an auto bailout, calls the Democratic and White House proposal "ass backwards."
He complained that it's wrong to give the automakers $15 billion worth of short-term loans, and then expect them to come up with restructuring plans.
On the floor of the U.S. Senate, Vitter said, "Well, our reaction to that is pretty simple. It think the average american would say, 'What? Isn't that putting the cart before the horse? Isn't that, to use a common phrase, 'Ass backwards?' Fifteen billion dollars and then later, after that's out the door, we'll see a detailed restructuring plan?"
Vitter dropped a another bombshell, saying he'd do everything in his power to stop the bill.
"I will use every procedural tool available to demand amendment process on the floor of the senate and to delay and block the measure as it presently stands," he said.
On the House side, it will take up the auto bailout today and likely pass it late this afternoon or evening. This bill represents their agreeement with the White House.
The senate is another issue, however. There is significant Republican opposition and 60 votes required to get it on a track toward passage.
There are only 50 Democrats at the most in this, the old Congress. The earliest procedurcal vote in the Senate would be Friday.
A weekend session looking very possible.