From where I sit, the latest outlines of a proposed auto bailout deal aren't closely tracking reality.
First, this idea that an "auto czar" would withdraw bailout money if the Big Three aren't far enough into restructuring by Feb. 15? Ain't gonna happen.
Second, a BushCo appointee writing the restructuring deal terms? Sorry, but if B.O. can't be enough of a second president to demand his person gets this job, or at least, make a swift change Jan. 20 if needed, I'm leery.
And, who's going to "certify" the Big Three's long-term viability, and do so with credibility, especially when Krugman has "anti-certified" their viability?
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