This is simply an opinion piece. My statement, in any way you wish to take it, is simply my statement and may or may not be a shared view within this blog.

With the Senent saying no to an auto bailout, the current Presadent saying he is going to help them, and the treasury saying that they will help no matter what, was saying no to a regulated bailout such a smart idea?

(From Yahoo, Covered by AP)

The White House assessed its options Saturday on helping prevent the collapse of the U.S. auto industry. Any avenue of rescue, however, must surmount political obstacles and take into account the potential fallout on financial markets in a time of recession.

Bush administration officials kept details about any emerging plan closely held. They are talking with automakers and have yet to make final decisions on the size or length of the help.

White House deputy press secretary Tony Fratto said officials "are continuing to gather financial information from the automakers, assessing the data, their cash position going forward. We'll take a look at that information, make some judgments and review our options."

He said the focus is on "trying to get the policy right while considering the best interests of the taxpayer and our economy, and we'll take the time we have available to do that right. No decisions have been made."

The White House disclosed on Friday that it would consider using the $700 billion financial industry bailout plan enacted in October as a way to help the car companies, even though it has long insisted that money should be reserved for stabilizing markets.

Michigan Democratic Sen. Carl Levin, a key supporter of his state's leading industry, said the idea of emergency loans "is still very much alive."

It seams by saying no they will be able to play in the Bailout money but will it be as regulated as the Auto Bailout was?

Will they have to have a Car Czar to help formulate Restructuring?

Will they have to me the carbon standard that the Bailout would have hold them to?

Should we be happy with the Choice that the Senent made for us? I have to say, My opinion, is no. We still have to pay it with our tax money and they get a loan..... How do we hold there feet to the fire now?