Dems delay the auto bailout

Yeah the markets didn't like it, but the markets need to grow up and stop freaking out at the drop of a hat. No one in Washington, serious Washington, is saying that we're just going to let the auto industry die. What we're saying is that we're not going to rush things and just hand over cash like it's Chrismas (even though it is). The Democrats have simply given the auto industry two weeks to come back and present a plan that will work. That's hardly unreasonable. And it's exactly what Wall Street should want Washington to do. Not hand out money that will be blown through in weeks, and wasted. But rather, come up with a real plan to fix the industry's woes.