Let em fry.
Listen to this quote from Reuters HERE
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Michigan Gov. Jennifer Granholm, told reporters that quick loans were needed for the industry to get through the next six to 12 months.
"The bottom line is that all three automakers need some liquidity, some assistance with cash and they need it right now," Granholm said.
"The alternative is worse," Granholm said. "The alternative is the industry doesn't have access to funds and we lose a company or two. We don't want to do that."
*****************Well DUH, if there are too many cars around, and too many car companies making things that nobody wants any more, then YEA OF COURSE you are going to lose a company or two. THAT IS THE FREE MARKET. Or don't you like the free market so much any more? Hmmm. Want us to prop up a company that makes things we don't want any more, just because it keeps people employed and the wheels of the economy turning? Now you are starting to sound like a cold-war socialist. Fat chance. Listen, either we have socialism where the people can share in the profits to society from advances in productivity, or we have capitalism where companies that don't make things people want are allowed to fail. Attempting to socialize the costs and privatize the profits is a recipe for a mighty angry citizenry.
