White House To Step In And Help Auto Industry

Wow--for once, George Bush is stepping up to the plate and doing something right for a change:

After refusing for weeks to tap the $700 billion financial rescue fund, the administration suggested it would dip into the fund to at least permit the companies to continue their operations until the new Congress and new administration arrive next month.

“Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said Brookly McLaughlin, a Treasury spokeswoman.

Of course, self interest is at the heart of their decision, as Dick Cheney warned Republicans that they would be "remembered as the party of Herbert Hoover if the auto industry fails." Too bad George and Dick weren't concerned a little sooner...like 8 years ago.