Bush Now Appears to Favor an "Orderly" Bankruptcy for Detroit Three

AUTO CENTRAL - December 18, 2008: In a live televised interview this morning, President Bush talked about an "orderly" bankruptcy as the solution for the three American automakers, as opposed to making any specific announcement or decision to try and take some of the funds from the $700 billion bailout package (or what I like to call "Robbing Paul(sen) to pay the the Peter-heads*."

In a separate press conference, White House press secretary Dana Perino said, "There's an orderly way to do bankruptcies that provides for more of a soft landing. I think that's what we would be talking about." She added, "The president is not going to allow a disorderly collapse of the companies. A disorderly collapse would be something very chaotic that is a shock to the system."

Of course, the whole point behind any legal bankruptcy action is that it should be "orderly," so why Bush and Perino chose to point out that it should be an orderly bankruptcy is sort of redundant.

This new direction differs considerably from the comments that Bush has been making recently and is a far cry for the urgent plea made yesterday by the Chairman of the National Automobile Dealers Association, Annette Sykora.

* Peter-heads, you know, a euphemism for dick-heads.