Heard Michigan Sen. Carl Levin on NPR this morning. He was defending a bailout for the big three automakers, who have until today to send Congress theirawesomest business plan yet. Levin mocked those of us opposed to the $55 billion bailout, and said he was certain the automakers would use the money responsibly, and quickly get back to profitability.
Here’s the odd thing: At the very beginning of the interview, he conceded that he hadn’t yet even read the new plans. Yet he’s certain that this time, sight unseen, the perpetually failing companies will make it all work.
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