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Thoughts on the Auto Industry Bailout

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Like most people, I have conflicting thoughts on the prospect of a bailout for the hapless American auto companies. At one level, the chickens have finally come home to roost after decades of almost unimaginably awful business decisions have come to fruition. Whether it be fighting for decades against the very national health insurance plan that would now be saving them or fighting for decades against the very reduced emission standards that would have helped them avoid forfeiting the car market to the imports, Detroit has gotten it disastrously wrong nearly every step of the way. With that said, the pros outweigh the cons of bailing them out.


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