Auto Bailout Still Has to Get Past Senate
Here we go again.It all sounds eerily familiar: Old white guys getting harangued on Capitol Hill as they beg for billions to save their dying industries. The House of Representatives in its infinite benevolence offers up a rescue package at the 11th hour. Sure there are strings attached and it's a far cry from what the old white guys asked for but hey this is Washington. Last night House Democrats hammered out a $15 billion rescue for the General Motors (GM) and Chrysler allowing the struggling automakers to draw on emergency loans to avoid imminent collapse. Their fate now rests ...
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