Breaking: Auto Bailout Dies In Senate
The word is– The auto bailout is Dead as a Doornail.
UPDATE– It’s official. The bailout is dead.
The unions would not budge:
The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.
Doug Ross– 10 Cars that Killed Detroit.