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Make no mistake.  Although the auto bailout bill died in Congress last week (thank goodness for those conservatives who voted against cloture), there will, nevertheless, be an auto deal/bailout.  It simply is a question of when.  President Bush may allocate some of the TARP funds to bailing out the Big 3 automakers in order to [...]

The White House and Congress are currently finalizing the auto deal that would bail out (via a series of loans) the Big 3 automakers to the tune of $15 billion.  Yet the best deal that would provide the most long-term stability for the auto industry and the smallest burden on taxpayers is no deal at all.  [...]

  

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