No one wanted to bail out Wall Street. No one wanted to use taxpayer dollars to rescue an industry that helped cause the worst economic crisis in a generation. It was unfair. It was appalling. But it was necessary. We had no other choice.
Late last night, Senate Republicans derailed a bill, passed the day before by the House, to loan $15 billion to the Detroit Three, with 10 Republicans joining 40 Democrats and two Independents in favor.