What he said! A collection of soundbites from Daniel J. Ikenson of the CATO Institute on the poor financial health of the domestic auto industry, and why bailing 37 years of bad decisions (by both the automakers and Federal regulators) is a terrible idea:
Meanwhile, the 2012 Pelosi GTxi SS/Rt Sport Edition is looking more and more like it will be a reality–thus guaranteeing even lower domestic auto sales post-bailout.
Update: The Brutal Truth.
Filed under: Capitalism, the Unknown Ideal
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