Cars and Drivers
Congress To Consider $25 Billion Auto Loan Which Bush Will Veto
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The lame duck members of Congress are trying to get out of town. Their boxes are packed and they are leaving to join law firms in their old districts. Other members of the House just want a month or two off.
The legislative leadership wants everyone to stay around for hearings and a vote on a $25 billion bailout of Detroit. After a lot of hard work, President Bush will veto the legislation. He has already signaled that the car industry is on its own. Paulson could have made the loans. The fact that they did not shows that the administration is not willing to get involved.
Bush is heading back to Texas to run his old ball team, the Rangers. He will be driving a Honda.
Douglas A. McIntyre
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