Whether or not you agree with Congress voting down the $700 billion bailout, one thing is clear, this is bad news for automakers and auto dealers. That's not a Republican view or a Democrat view. It's reality. And for those in the business these are troubling days. Why? More than almost any industry, autos depend on credit. Credit keeps auto plants humming, suppliers shipping parts just in time, and buyers coming into showrooms. It is truly the oil that keeps the industry's engine running. And now that it's becoming tighter, we'll start to see the impact of Congress' inaction hit home.
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