It suddenly struck me this Friday morning there is nothing so old-fashioned as the auto bailout. In the name of so-called honor (how could the US be without an auto industry?) , it is a stake in the heart of the future, entrepreneurship and creativity. Also, it is radically unfair. I wouldn’t go so far as Jim DeMint as to predict “rioting,” but I certainly understand his point. Why the auto giants versus so many other endagnered industries? Bush is not exactly a profile in courage today in apparently opting for the TARP tarp in a last ditch attempt to save the car manufacturers. It all seems to be a form of sentimentality – and for what? In the end it seems a rescue program for incompetent execs and thuggish union leaders. Lose them both, I think. But then I think – are we really in a worse situation than I even dreamed? I don’t want to consider it.
Auto bailout Friday: kill the future
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