When the congressional enablers of the Big Three automakers proposed a bailout for Detroit, I got to thinking about a friend of mine.
He took pity on a female acquaintance with a somewhat chaotic lifestyle and loaned her $200. I told him that he would never see that $200 again.
I was right.
Call me cynical, but I am not sanguine about handing over large gobs of public money to manufacturers with a rotten business model that has exacerbated U.S. dependence on a fossil fuel supplied by assorted crooks, cartels, and despots.
Call me someone who dwells on the past, but its difficult to forget that Detroit and its unions spent years stonewalling and stomping on reasonable legislation to boost fuel economy standards until public outrage at high gasoline prices in 2007 finally shouted down the Big Three and their cant-do culture of complaining.
Call me hard-hearted, but when companies are run into the ground by sclerotic executive bureaucracies that failed to anticipate oil price risks, failed to fix their product development systems, failed to sharpen their brands, and failed to bargain hard enough over labor costs, they deserve to die. ...


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