A strange thing happened in Chicago. An audience of well-heeled professionals, a mixture of Democrats and Republicans, packed a room to hear Robert Shiller give a presentation on the housing market. At the end of the presentation, there was a bi-partisan revolt.
The president once again illustrated three interrelated hallmarks of his presidency: his ability to endorse nearly every side of an issue, his inability to articulate any core principles that inform his decisions and his allergy to leadership.
The question shouldn't be whether or not to bail out the U.S. auto industry, but how assistance to the car manufacturers fits within the larger national energy plan that is greener, self-sustaining and economically positive.