Death of an Auto Bailout in the United States Senate

I am saddened by the failure of the United States Senate to pass the $14 Billion Auto Bailout measure this past evening. While certainly not perfect nor entirely to my liking for there are many points of constraint I would like to see the Auto Industry be forced to concede in order to make the industry more innovative, Like giving us a "Car of the Future" when they bother to show them off each year at the Annual Detroit Auto Show. but I digress; while competitiveness is the key to success, fiscal oversight and guidance is imperative. Should the Bush Administration now turn to $750 Billion TARP to perform a Bailout, there will be 5 weeks of Treasury Secretary Paulson throwing money in the air to the ballyhoo of Jet-setting Auto Executives. This is what we face when we could have had a Car Tsar with some Bankruptcy Judge-like powers to help guide the market restructuring and fiscal direction of these Corporate Behemoths Jockeyed by casualties of the Peter Principle. We can always hope for the next Tucker of the Auto Industry, until then let's pray for our Blue Collars and their Families who rely on Detroit and for the Senate to not squander their dedication and talents.

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