Roberts Blocks Bailout

It comes as no surprise that at least one US Senator from Kansas voted against even discussing important legislation. This time, Pat Roberts did so when it came to saving the American auto industry...during the holiday season.

Waking up this morning, the conservative consensus is "Let's blame the union." Sen. Bob Corker, R-Tenn went so far as to say "We were about three words away from a deal." What does all this equal for the auto industry and the economy as a whole? CNBC's Phil Lebeau discusses the possible results of last night's vote: