As has been expected since the failure of the plan in the Senate, President Bush today unveiled his auto industry bailout. To the untrained eye it seems like the plan the Republicans were willing to vote for but couldn't get the UAW to agree to. Bonus is that in its initial stage the money is less than the original plan and there are supposedly restructuring requirements. I hope this actually helps them, though being the skeptic that I am, I highly doubt it will.
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