Mitch McConnell shows his mad Kabuki skillz

Mitch McConnell shows his mad Kabuki skillz

The GOP’s auto-bailout bungle smells to me like GOP kabuki theater. It probably didn’t start out that way, but it sure looks like it ended up that way. Here’s the big tipoff from a story released Thursday night, after the bailout got shot down in the Senate:

Bush officials warned wavering GOP senators that if they didn’t support the legislation, the White House will likely be forced to tap the Wall Street bailout to lend them money, two Republican congressional officials told CNN earlier.

This is a noteworthy change since the White House and Treasury Secretary Henry Paulson have previously refused to use bank bailout funds to help General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500) and Chrysler LLC.

In this context, "warned" likely translates into "giving them cover to vote how they wanted".

My guess is that Bush and the Republicans were initially going to let Detroit rot, but too many big donors warned the Congresscritters that they could forget about 2010 AND 2012 if they tried that schtick — if for no other reason than that the big donors might not exist by 2010. (See, letting Detroit die just so you can take out the UAW has the rather nasty side effect of taking down America’s already-tottering economy, which would then take down the rest of the world’s economies as it fell. Even the richest folks swallow hard at that prospect.) However, they did want to see if they could find a way to con Harry Reid into helping them trash the UAW. If that didn’t work — well, then the GOP legislators get their base-pleasing ‘no’ votes on record while Bush, who has nothing to lose now, takes the heat from the base for doing what he should have done six weeks ago: Using a small chunk of the TARP funds to save Detroit.

Fortunately, Reid figured this out, probably sometime Wednesday (I’m guessing that he’d heard about Bush’s telling GOP legislators about his plans to dip into the TARP), and decided to stop bothering with negotiations. This is why you’re hearing the Republicans crow, in a typical Republican going-through-the-motions way, about Those Icky Obstructionist Union-Loving Democrats, even as Bush quietly prepares to do what he should have done six weeks ago — and what the Democrats had wanted him to do from the first — and dip into the TARP funds to the tune of $25 billion.

Like I said, it sure looks like kabuki to me.