Breaking news: Not only has Dick Cheney taken an interest in domestic policy, but, when it comes to the economy, he’s kind of a liberal! Politico reports that, in a closed-door meeting, Cheney told Republican senators that rejection of the auto bailout would mean “Herbert Hoover” time. Senate Republicans rejected the bailout anyway. “Clearly, it’ll be on their heads [if the auto companies fail],” said Democratic Sen. Kent Conrad. The White House could still authorize the Treasury Department to loan TARP money to the Big Three. Ben Bernanke has indicated that the Fed will not lend Detroit any money.
Read it at Politico
