MEGAN MCARDLE: “Andrew seems very pleased by the progress we’re making with the auto bailout. I’m not seeing it. Am I really supposed to get excited by the astonishing revelation that when you pour tens of billions of dollars into a couple of failed companies, some of that money will end up in someone’s pocket, somewhere? . . . In answer to Andrew’s question–‘That auto restructuring last year was a disaster, wasn’t it?’–well, yes, it was.”