GOP offers a new vehicle for bailout plan

From NBC's Ken Strickland If Senate Republicans were looking for guidance from their leader on how to vote on the House-passed auto rescue package, Mitch McConnell just announced that he's against it.  "The proposal that was worked out by the White House and Congressional Democrats appears tough," he said on the Senate floor, "but in reality, this proposal isn't nearly tough enough." McConnell's decision throws the fate of the bill into even more uncertainty. After laying out detailed explanations of his objections on the Senate floor today, McConnell said "its greatest single flaw" is that the proposal backed by the White House spends taxpayers money for reforms that may or may not come.  ...( read more ) (link)