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11 December 2008 @ 11:37 pm
Is this how the US auto industry ends?  
$14B Auto Bailout Dies in Senate

Ideology and greed has once again triumphed over fairness and national interest. For a little background on the insane decision to let blue-collar American workers lose their jobs while simultaneously enabling Wall Street fat cats to continue recklessly fattening, here's a segment from Rachel Maddow from before the deal fell through.

The fact that Republican US Senators representing states that are home to the foreign competitors of the big three American automakers have been allowed to dictate their fate is appalling. This is like the fate of Coca-Cola being decided by Pepsi stockholders.

Let's hope they wake up and pass something. If not, January 20th is just around the corner, and we'll have a better Senate.