To quote a smart woman- "The wingnuts are already spinning this as being the fault of the UAW - congratulations Democrats. Not only have you seriously pissed off a major voting bloc, you gave the Republicans the cover to justify their actions. We didn't hand you guys sweeping victories in November to have Bob Corker call the shots."
WASHINGTON (Reuters) – A proposed bailout of U.S. automakers failed in the Senate on Thursday night, raising the specter of an industry collapse that sent Asian markets reeling and sparked fears it could deepen the recession.
"It's over with," Senate Majority Leader Harry Reid said of congressional efforts this year just before the Democratic proposal to extend up to $14 billion to the stricken industry fell short in voting on a procedural motion.
Pressure immediately shifted to the White House, with calls for President George W. Bush to consider intervening with emergency financing.
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