The UAW did not buckle under to the Southern Repubs, seeking to break them and to make unilateral wage/benefit concessions without collective bargaining. So the Congressional bailout failed - and NOW it looks as though Bush will relent and allow some "loans" out of the $700 billion TARP. Enough to keep GM and Chrysler from declaring bankruptcy. This is what should have happened already, weeks ago.
Perhaps no Michigander is far removed from the automaker crisis but I'm reasonably well insulated from it. Yet, it has been causing me troubled sleep and anxious waking hours. How much more so all those thousands of hourly and salaried auto workers and all the suppliers, dealers, etc. etc. I just hope there isn't any further political game-playing and up-the-ante-ing. Unfortunately, that is probably too much to hope for . . .
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