The [American] Car Czar

I can't even make this stuff up... the auto industry bailout will be overseen by a... no joke... "car czar." The said czar will decide who gets loans and can force the companies to file for bankruptcy (Is there even a question?) if they don't make enough progress.

So, basically the tax payers are going to pay a few billion more dollars, institute a new bureaucracy, and eventually have the auto industry file for bankruptcy anyway... potentially only a month after Obama's inauguration and the new Congressional term.

Thanks Congress, as always, for your wisdom and guidance.