Automaker Bailout Fatigue Finally Hitting Washington?

It’s about time! Reuters is reporting that:
…The Obama administration autos task force on Monday rejected the turnaround plans of General Motors Corp andChrysler LLC and warned both could be put through bankruptcy to slash debts. The announcement by the White House autos panel headed by former investment banker Steve Rattner marked a stunning reversal for management at both automakers and for GM investors and creditors who had bet on a softer line.