It looks like the auto bailout faces a rough road in the senate. Minority Leader Mitch McConnell said today “this proposal isn’t nearly enough,” He demanded stricter reforms, but his opposition is ideological. “A government big enough to give us everything we want is a government big enough to take everything we have,” he said. If other Republicans follow McConnell’s lead, it’s unlikely that Democrats will reach the 60 votes necessary to pass the bailout. Last night, the House passed the bailout bill 237 to 170.
Read it at The Wall Street Journal
