I love E.H. But that is not the subject here.
The Big 3 automakers here in the US should be allowed to die. Why?
1. It is totally contrary to the founding principals of this nation to have what is on a functional level, nationalization of companies and industries.
2. If/When this bailout fails, as a taxpayer I pay for it. If it prospers I do not receive a dividend. The bailout effectively makes me a shareholder in each company, with all the risk but none of the reward.
3. Their products are not so special and unique that viable alternatives can not be found elsewhere. They are not the only game in town, as it were.
4. Toyota, Honda and BMW all have large production facilities in the US and employ US workers. Do they need a bailout? No.
Business could be described as a competition for my money. If the Big 3 are not winning this battle, for whatever reason, they should be allowed to die. This is not second grade PE where we all get to swing at the ball till we hit it. Some kids are gonna strike out.
Big 3, if you can't make it without 15 BILLION taxpayer dollars, good riddance.
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