I thought Republicans were *against* bailouts
I guess not. From the NY Times:
As Senate staff members worked through the weekend to draft legislation for a taxpayer rescue of the imperiled American automobile industry, Republicans who have the power to scuttle the plan offered mixed reactions to the preliminary details on Saturday.
Senator Christopher S. Bond, Republican of Missouri — who with Senator Carl Levin, Democrat of Michigan, proposed a plan last month that was nearly identical to the one Congressional Democrats have now endorsed — said he was pleased.
“I’m glad the Democratic leadership has embraced the principles of the Bond-Levin bill to hold auto companies accountable, protect taxpayers and save millions of American jobs as we head into the holiday season,” Mr. Bond said in a statement.
Way to stick to your free-market principles, there Republicans. ![]()
Malkin is against the bailout, however (big surprise there). I guess the bloggers have more principle than the politicians.