White House Throws GMAC $6 Billion Rescue Line

Remember when the Bush administration was opposed to tapping the $700 billion Wall Street bailout to help Detroit’s Big Three?

Fugetaboutit.

The Treasury Dept. announced last night that it will spend $6 billion from that fund to bail out GMAC, the flailing auto finance company whose reluctance to lend More…

Grassley Wonders When the Socialism Will End

Tailpipe emissions are hardly the only concerns to pop up amid Washington’s debate over an automaker bailout. Sen. Charles Grassley (R-Iowa) wondered yesterday why taxpayers should pump billions of dollars into Chrysler if its private owner, Cerberus, isn’t willing to do so. From Grassley’s Dec. 9 to Democratic leaders: