The Bush regime puts into play the auto industry bankruptcy option

I am confident that President Bush, speaking as he was at the American Enterprise Institute, would not advocate a devious strategy meant to break the United Auto Workers union or to release Detroit from the obligations it has to its retired workers. He merely wants to save America's auto industry from destruction (on which see this, this, this, this, this, this, this). He is not at all like those Senate Republicans that broke the Congressional bailout plan.

The President would not deceive us like that. Nope. No siree.

Putting sarcasm aside for the moment, this is Bush's last gasp opportunity for adding a plus mark to his otherwise horrendous legacy. Accordingly, he still appears committed to getting a bailout done before he leaves office.

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