re: “That’s how our economic system clears the deck.”

it has long been known that the global auto industry suffers from capacity vastly in excess of demand, and that even in the best of times, too many players result in “Big Three” profit margins of only 2-3%. and now, with India getting into the act, forget about it.

but, shouldn’t we avoid doing anything that might ‘sink the ship’ at the present moment, now that the ship has hit an iceberg of frozen credit — before we “clear the deck”?