Hopes for a swift bailout of the US auto industry appeared to stall Thursday after a top Democratic senator said Republicans looked set to scupper the proposal until Barack Obama is president.
Top Democrats including president-elect Obama urged an accelerated bailout of the once-mighty US industry amid warnings from bosses that the sector, hammered by mounting losses and plunging sales, could collapse.
But Chris Dodd, chairman of the Senate Banking Committee, said he did not believe a plan could pass before Obama takes office in January.
"I don't know of a single Republican willing to support (it)," Dodd told reporters.
"I want to be careful (not) to bring up a proposition that might fail ... under an Obama administration, there is a greater willingness to deal with the issue."
The president-elect urged President George W. Bush to support immediate aid for the ailing automobile industry during their private meeting in Washington on Monday, but the White House is still cool towards the idea.
I don't blame the Republicans for wanting Joe Stalin to take ownership of this looney idea.
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