Who wanted the auto bailout? The Deomcrats and George W. Bush.Who stopped it? Senate Republicans (or UAW members who drew a line on wage cuts, depending on how you see it). And now Bush will come to the rescue. In a statement by Press Secretary Dana Perino:
Under normal economic conditions we would prefer that markets determine the ultimate fate of private firms. However, given the current weakened state of the U.S. economy, we will consider other options if necessary - including use of the TARP program -- to prevent a collapse of troubled automakers.
Yeah, I worry about the Obama administration. But I will be sooo glad to see this one go.
