While Bush deserves some credit for refusing to support the Democrats' plan to add bank bailout money to the money pit that domestic automakers have become, he still wants to throw $25 billion:
Giving nearly bankrupt companies with unsustainable business models $25 billion loans for "more urgent purposes" -- can you imagine a private bank in the pre-bailout era doing that? -- is just like throwing the money away. What do we expect the Big 3 to do next year when all that money is gone but their structural problems persist?
