BREAKING: White House considers using TARP for auto bailout

WASHINGTON (MarketWatch) -- The Bush administration will consider its options to save the auto industry, including using the $700 billion funds under the Troubled Asset Relief Program, White House spokeswoman Dana Perino said Friday. "A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time," she said. The Senate rejected a bill on Thursday that would have provided $14 billion in loans to General Motors and Chrysler. Ford did not request any funds immediately.

http://www.marketwatch.com/News/Story/Story.aspx?guid={408219CE-A3C2-45F0-8AA5-1299D35FA4A0}

So Bush gets to come in and play hero. Note that he's doing this not for the automakers, but for Wall Street. The stock market was poised for a monumental sell-off today (probably 500+ points). But Bush rides to the rescue. Ass.

Of course, this is exactly what should have been done all along.

They're done with him. This is the only thing he can do now. And yes, anything for big business is on his "okay" list. So predictable.

All through his residency, he's only reacted to crises--never seemed to see further down the road. So stupid.

No need to go to the Senate.

something I agree with.

Took him nearly eight years.