Is this really where we are headed? We are a successful country because we used to not buy into the European system of nationalizing industry. Now, under the guise of the economic meltdown, we have investment banks being in the Government's reach... And now, the Government seems to want to take a role in the auto industry... This is what the Dems have always wanted. It's incredible to believe that a 'GOP' President is delivering it to them...
A free-market answer is the only way. We have got to let the auto industry work out of it or move to the side. Bankruptcy protection will allow the automakers to consolidate, end their terrible Union contracts and work their way back. All of the airlines basically got into bankruptcy and have emerged, some to gobble up their competitors (see, Delta/Northwest)...
We cannot continue to print money... Inflation is going to skyrocket and then, we will truly be in an crisis.
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