Thursday, March 5, 2009
Barney Frank: Lawmakers have auto bailout fatigue; GM's fate and that of Spring Hill plant being sealed by taxpayer revolt over spending
CNBC reports tonight that Rep. Barney Frank -- a friend of big government spending -- how says his congressional colleagues have fatigue over considering an auto industry bailout.
That's bad news for General Motors, since it is the biggest money loser among the automakers and needs big financial help by the end of this month to pay bills and employees.
If Frank is losing interest, then President Obama faces an uphill battle to keep GM and its plants across the country open.