More trouble for auto bailout

By Chris Isidore
CNNMoney.com senior writer

(CNNMoney.com) - Auto industry executives were back on Capitol Hill Wednesday morning to ask for a federal bailout, but they once again faced an uphill battle in winning the necessary support from Congress.

Before the CEOs of General Motors, Ford Motor and Chrysler LLC even started their comments before the House Financial Services Committee, they faced criticism from the committee's ranking Republican, Rep. Spencer Bachus of Alabama.

"My constituents do not understand why their tax dollars should go to support what they consider less efficient businesses," said Bachus, adding that most of his constituents earn less money than the autoworkers whose jobs would be saved.