Oil Companies Score Another Lobbying Victory

Democrats Set to Offer Loans for Carmakers,

Seeking to end a weeks-long stalemate between the Bush administration and House Speaker Nancy Pelosi, senior Congressional aides said that the money would most likely come from $25 billion in federally subsidized loans intended for developing fuel-efficient cars.

They got rid of the fuel efficiency funds. Great. Democrats cave, Bush and oil companies score another victory. For old time’s sake.