Does anybody really believe the troubled American auto industry will rebound under the leadership of Nancy Pelosi, Barney Frank, and Henry Waxman?

Perhaps, if you believe the real problem is that we have NOT had enough solar cars and/or GM just doesn't pay their workers a living wage, you might be cheering the government takeover.

Otherwise, I think you can mark down this day as the beginning of the final death spiral for the Big Three.