A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers.

Tonight, the Senate Republicans– with ten, very ugly exceptions– have taken a stand for free markets and economic liberty in their defeat of the bailout of the automotive industry. Of course, its never too late for Democrats and “compassionate conservatives” to work together to subvert the democratic process:

Majority Leader Harry Reid said he hoped President George W. Bush would tap the $700 billion Wall Street bailout fund for emergency aid to the automakers. General Motors Corp. and Chrysler LLC have said they could be weeks from collapse. Ford Motor Co. says it does not need federal help now, but its survival is far from certain.

Barring any such abuses of executive power, it is difficult to say whether GM will now file for bankruptcy– a move that should have been made months ago– or if they’ll try to remain afloat until January when the new Congress comes into session, at which point they’ll have another go at brandishing their sores and tears, attempting to trade them for stolen assets. Most likely the latter.

For now, though, it is nice to know that while I am going to sleep happy– or at least momentarily satisfied– Congressman Harry Reid is “terribly disappointed that we are not able to arrive at a conclusion.” I hope that bloodsucker tosses and turns all night.

Time to suit up for next month.

Today, I had a rare conversation with my father. We often talk about politics, since he is the more conservative of my parents, and therefore has more in common with me; but our talk is usually filled with levity– it never takes on a serious tone. Today was different.

I asked my father how much money he makes a year. I thought I had a pretty good idea, but I wanted to be sure. The number that he gave me seemed very low– much lower than I thought, considering my family’s lifestyle. I asked my him if he was sure about the figure he gave me, and he started to talk to me about tax deductions; thats when I realized why the number seemed so low to me– he wasn’t talking about how much money he made each year, he was talking about how much he made after taxes. I asked him how much he really made each year.

“Why does that matter?” He asked.

It was at that moment, looking into my father’s tired eyes, that I realized that when the government takes money from him, it takes so much more than just monetary wealth– it takes a piece of my father’s pride; it robs him of the joy that comes from the achievement of a value. It takes a piece of my father’s spirit.

Just to come to the understanding that my father doesn’t look at how much money he earns each year in terms of how much wealth he was able to create, but rather– of what tax bracket he belongs in, to really understand the full implication of that fact– it truly saddens me.

And to come home and to talk to these people on the internet who are my age, who think they know everything, who talk about how much they are inspired by Barack Obama’s plan for “social justice,” who talk about how they find socialism “interesting,” who speak voluminously about their love for humanity…

I just think about looking into my father’s eyes in that moment.

Ever since clinching the nomination, McCain has been hit by Democrats with allegations that his presidency would be nothing more than “Bush’s third term,” labeling him John McSame, and challenging people to find differences between the policies of the two Republicans. Looking only at the George Bush’s abysmal approval rating, McCain has spent a large portion of his time distancing himself from the President.

But in doing so, McCain is only digging himself into a hole. Infamously, Governor Mark Sanford was unable to show any significant differences between the economic polices of George Bush and John McCain.

Here’s what people are missing with this video: like it or not, George Bush has had some solid economic policies, especially in the areas of tax cuts and free trade. But they haven’t worked, you say. The economy is terrible, you say. You’re wrong. The economy is bad, but its not terrible– we’ve been much worse off. Take the Carter administration for example.

But the economy is declining, and thats because Bush has been far-from-perfect economically. Look, for example, at his federal spending record:

In February, Bush sent a 3.1 trillion dollar budget to congress: hardly conservative. Just yesterday, Bush authorized a bill that will send $48 billion American taxpayers’ dollars to Africa for AIDS relief. Over all, Bush has shown an utter reluctance to veto anything, much less spending, during his administration, which has made for an out of control federal deficit.

George W. Bush is proof that tax cuts alone are not enough– without tandem cuts in spending, they hurt, rather than help the economy. John McCain has stated this problem explicitly, and he says he will be fixing Bush’s error here.

This is the single, most important difference between Bush and McCain: and McCain never mentions it. Why does he think the American public is so dumb? We can understand that just because the two men have similarities, they aren’t the same; we aren’t two-year-olds. He’s gotten so wrapped up in distancing himself from the President that he’s become reluctant to defend what works, and as a result he’s drifting further and further left. Is it so hard to say: “Yes, George Bush supported it, but it is right.”?

John McCain is supposedly Mr. Straight Talk; so why can’t he look into a camera and tell me: “Look, George Bush and I have a lot in common, but in the places where we differ, it makes all the difference.” Now thats some straight talk I can get used to.

Here’s the bottom line: McCain and Bush are similar, very much so, but their similarities are good.  But McCain is obsessed with being a non-conformist, and in his attempt to distance himself from the President, he has ended up downplaying his strengths and playing up his weaknesses. Way to go, maverick.