Bush Fails Conservatives Again with an Auto Bailout of 17.4bn$
Bush just announced a 17.4 bn$ bailout for Automakers. This will of course come as a disappointment to many conservatives hoping he would hold fast and not give in. His plan will give them 14bn$ now with a deadline of March 31st for these companies to be viable. This isn’t going to happen. The likely result is that this money will tide them over until Obama is in office and then he will provide a much larger sweeping recovery package much to the disdain of conservatives.