An Auto Industry Stalemate, Courtesy of The Decider
By Ben Pershing
Amid the constant focus on the Obama transition effort and speculation about the future -- Will he give a speech in Cairo? Who will fill the remaining Cabinet spots? -- it's easy to forget sometimes about the current occupant of the White House.
But the ongoing stalemate over an auto bailout is providing a useful reminder that George W. Bush is still in charge of more than just lighting the national Christmas Tree. And while Jan. 20 may not seem that far away to most Americans, it might just be too late for GM and the affiliated companies and employees that depend on it.
The Big Four Democrats on financial matters -- Pelosi, Reid, Frank and Dodd -- reiterated yesterday their desire for the Bush administration to shift some of the existing financial bailout money toward helping the auto companies. That solution would work nicely for Democrats, as it would let Congress leave town next week without having to forge a tough compromise, and it would remove one immediate challenge from Obama's post-Inauguration plate. But Bush is holding firm.
Posted at 8:49 AM ET on Dec 5, 2008
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