As noted yesterday, the bridge loan to Detroit automakers boiled down to a game of chicken between Bush and congressional Democrats about where the funds would come from.  Reid and Pelosi wanted them to come from the TARP funds, while Bush said he wanted them to come from the $25 billion allocated in the Energy bill for retooling to make their cars more fuel efficient.

This appears to be what Voinovich, Levin and senators from other Big 2 1/2 states were proposing as a bipartisan alternative last week.  Reid and Pelosi hastily stepped on their press conference, however, and sent the auto makers back to write a better term paper.  

The money will come from the Energy Bill funds after all, but on Maddow today this was Barney Frank:

We will compromise. We will use the money from the 25 billion that was put in there to make them energy efficient — however, we will reserve the right next year when we have a better president and a better congress to replace that $25 billion from the TARP.  They won’t be able to stop us then.  We aren’t asking them to sign off on it, we’re simply giving notice that that’s something we have the option of doing later.

To quote Tom Friedman, "suck on that."

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