No Love for Detroit


The NYT, in parallel with the AP’s Ben Evans, notices that the bailout fight more than anything has revealed the diminished political clout of GM, Ford and Chrysler. One problem is that Southern lawmakers care more about catering to the foreign makers who’ve set up shop in their states. Another is that Detroit has pissed off everyone on the left by stonewalling CAFE, pollution and climate-change regs. Bottom line, a bailout, when it happens, will be on terms dictated by the Obama administration and the Congressional leadership.

It’ll Never Happen

The Chinese buying one or two of the Detroit 3, that is. Congress will never allow it, for fear of the national-security ramifications. It’ll let the carmakers go belly-up first.