[Guest post by DRJ]
Republicans say the automaker bailout is an agreement in peril but the White House says it’s a done deal even though they haven’t seen the fine print:
“At the White House, too, Deputy Chief of Staff Joel Kaplan told reporters at a late-morning briefing that the administration had yet to read the fine print of its “conceptual agreement” with congressional Democrats.
“We have not seen final text of legislation that we have agreed to,” he said
However, he indicated clear support, saying Bush would personally lobby Republicans and was dispatching Chief of Staff Josh Bolten to Capitol Hill to make the case.
House Republicans swiftly voiced their opposition and called for a plan that would instead provide government insurance to subsidize new private investment in the Big Three automakers, demand major labor givebacks and debt restructuring at the companies, and encourage them to declare bankruptcy.”
Agree first and details later? That’s par for the course when you’re spending someone else’s money.