No love from anyone for Big Auto

Wow, even the Democrats are giving Big Auto a hard time! The CEOs have appeared before Congressmen to beg for a bailout loan to no avail. Then today the Democrats voted to oust John Dingell (D-Mich.) from chairmanship of the powerful House Committee on Energy and Commerce, replaced by Representative Henry Waxman (D-Calif.).

Dingell was chairman for almost 28 years and one of Big Auto's best friends in Congress. His removal from the committee sends a clear signal that Pelosi and friends are ready to impose stricter regulations in the auto industry and align with the environmentalists. Rep. Waxman has always been a supporter of legislation to curb global warming, and this latest move in House politics will be welcomed by many environmentalists.