If the auto companies needed only three months to figure out how to make cars consumers want to buy, my guess is they would have dazzled us with it by now. Especially interesting for consumers would be the section on how to reach the resale values of comparably priced Hondas and Toyotas. The bailout collapsed on Thursday night when the UAW refused to reach wage parity with foreign automakers' U.S. workers before 2011. Twelve senators didn't show up to vote, so maybe this isn't an emergency.There was also an article in The Day and a letter to the editor in the Stamford Advocate. These articles made it to the big leagues of the blogosphere at Instapundit here and here. Glenn Reynolds also linked to an open letter to the Senator, which included this:
The letter is a little petty in places, and I don't really care who Senator Dodd dated. But it is interesting to note that Dodd gave away $700 billion to his friends, the bosses at the mortgage companies, without requiring any heads to roll. Now he wants to give away a fraction of that, and he is going to decide who stays and goes.