No decision has been made regarding the big 3. The plan is that the auto industry drafted up plans on how they will use the money to become competitive in today's better millage market. They have until December 2. This is very fair. If the big 3 want the money then they need to be accountable on how they will produce more innovative cars geared for today's market. Finally, some strings attached. Now, if we can only get the great guru Paulson to do the same with the financial industry.

In a press conference this afternoon, Democratic congressional leaders announced that they were not able to reach a deal on a rescue package for the struggling auto industry, reportedly rejecting “compromise legislation worked out by key senators from auto states.” Senate Majority Leader Harry Reid (D-NV) said that they would give the automobile industry a second chance: They must present a plan for viability no later than Dec. 2 and possibly submit to another round of hearings. Congress may then come back and vote during the week of Dec. 8. “Until they show us the plan, we cannot show them the money,” said House Speaker Nancy Pelosi (D-CA)