Thursday, December 18, 2008
Bush Reverts to Form
Did anyone think President Bush would really help out an industry with a powerful labor union? After hinting that a bridge loan from the Wall Street bailout was in the works, then a little hemming and hawing and stalling, the White House is now floating the idea of an "orderly" bankruptcy for G.M. and Chrysler. Let's hope it's slightly more orderly than the way the president — who has a staggering 68 percent disapproval rating — handled Iraq, Afganistan, New Orleans, and the financial crisis.