Thursday, December 18, 2008

Car Trouble

The Economist says, ''Don't bail out the carmakers''.

A slight majority of the American public agrees with them.

As for me, I think the Economist makes a sound argument here. It really does send a lousy message to tout ''free markets'' as the be-all end-all, but switch to syndicalism every time a big corporation screws up.

Who knows how President Obama will handle all of this. Sure, he's maybe inclined towards ''big government''. But, he's also really big on ''consensus'', and the idea of alienating a majority of Americans with his first choice upon taking office can't be particularly thrilling.

I suspect some sort of semi-bankruptcy is in the works.

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