Auto Bailout Negotiations Fail in Senate, Reid Says

“It’s over with,” Majority Leader Harry Reid said on the Senate floor in Washington. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight.”

That is a telling comment. So I guess Congress does check Wall Street first for a reaction to anything they do. Nevermind principles, or, say, the American people.

Also earlier, South Dakota Republican John Thune suggested that if talks collapsed, the Bush administration might aid automakers with funds from the financial-rescue plan approved by Congress in October.

“I think that is where they go next,” Thune said. “I wouldn’t be surprised if they explore all options.” The Bush administration thus far has opposed that option, which was favored by Democrats.

Ok, sure, why the hell not!

Augghghghghhg!