McConnell Opposes Auto Bailout, Likely Dooming It

The Senate GOP leader breaks with the White House over the $14 billion measure, saying it would "subsidize failure."

Politico: Opposition is "all but assuring its defeat this week and forcing the administration to consider other emergency steps...."

NY Times: Bailout appears dead.

Marist Poll: 48% oppose government loans to automakers.

The Dow Jones skids 200 points amid the news.