The Detroit Bailout

Marcy Wheeler has the details on the bridge loan plan. I like the Atrios and (especially) Pelosi amendments, the latter of which is certainly essential.

I also agree with Wheeler about the double standards in coverage. Citigroup has gone back for much more money with much less oversight, but this seems to get considerably less scrutiny from the media and (especially) Congress. But, of course, getting rid of those greedy union workers with their “middle class wages” and “apocryphal gold-plated benefits” and making sure any remaining jobs go to companies whose sales are taking a similar hit but employ people in reactionary right-to-work states is just the Natural Order of the Free Market. (BTW, have any of the banks bailed out by the government had to give up their corporate jets?)