Cal Thomas, on why a federal bailout for the big three automakers is a bad idea:
The argument made by those favoring a bailout of Detroit is that it will save more than 100,000 jobs in the auto and related industries. But what good does that do if people are not buying cars in sufficient numbers to allow the Big Three to make a profit? This becomes the kind of corporate welfare Democrats decry when it comes to Wall Street. But, then, Wall Street isn’t unionized and Democrats want and need the union vote.
A free market is a powerful shaper of ingenuity — if the government will get out of the way and let it operate.