I think and hope that Bush's folks will use TARP money to extend a lifeline to GM and Chrysler to get them through to the end of January, where we won't have lame duck Republicans to kick around anymore.
But while we're handing out money, how about a bailout for the newspaper industry?
Sure, it's not at all equivalent. Journalists are white-collar workers who presumably have more job mobility than do folks in manufacturing. And unlike the auto industry, it's hard to see how newspapers could return to profitability, since their business model is being eaten, digested, and evacuated by the future.
But the sudden acceleration of the of the newspaper industry's slide is putting downward pressure on our already hurting economy. And, more importantly, as the newspapers contract, our nation's total news-gathering capability also shrinks. Reporters are being fired, whole bureaus are being closed. As a people, we know less and less about what is happening.
So what about it? How about a cool 5 billion to reopen some overseas bureaus? It's chump change compared what we are prepared to hand off to GM's management.
Or maybe just a billion for NPR?
Consider this an open auto- OR newsy-bailout thread