There Is No Chance That Detroit Won’t Get Its Money

The news of the day was that the Republican’s were balking at the Detroit bailout plan and would scuttle everything.

I’m sorry, but as much as I would like to see this resolved by the courts there is no way that any politician is going to do anything that would cause the plan to fail. It is completely against the nature of a politician to put himself anywhere near the hook let alone on it for permitting hundreds of thousands of workers to be laid off, no matter how temporary it might be. The car companies played their cards ineptly at times but well overall and they have Congress cornered.

As I said last night, the same TARP melodrama once again.

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