This question was raised on www.wethearmed.com So I put some thought into it.
Bail out the auto industry?
Let me put it this way. When you have a company that is contractually obligated to pay $75 an hour to the guy who SWEEPS THE FLOOR… you deserve to FAIL.
Let me rephrase.
FAIL! Damn it! Go to hell, go to hell and die!
I’m sick and tired of this crap.
The argument for strategic industry is one thing, but it is fundamentally flawed. The days of Detroit flipping over and turning out Sherman tanks are gone. If the auto industry tried to tool up for wartime production our new tank would be the M2 NADER, which blows for combat but gets 32 miles on the highway, and three Iranians and an angry goat driving a ’75 Toyota pickup truck (that’s still running) could burn a fleet of them.
Screw it. The unions raped the auto industry. It is time for a reboot.
In a true capitalistic society, these companies would croak, then somebody else would come along, learn from their mistakes, and buy their assets. Then you would have a new and improved industry. That method has only worked since the invention of freedom and money, but hey, let’s try this new way, ’cause this Marx guy seems pretty cool!
Bailing out banks is stupid. Bailing out AIG is stupid. Bailing out Detroit is stupid. I’m sick of stupid. George Bush, you suck more every day. Nancy Pelosi, it is impossible for you to suck anymore, as you are the baseline of all suck.