I just came across this write-up on the recent government bailouts of auto manufacturers by the Foundation for Economic Education:
http://fee.org/articles/government-motors/
Of course, we all know that it's because "capitalism" and "free markets" don't work, right...?
Nice mustache there, Karl. Not.
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GM Government Motors
ReplyDeleteGood Read.... Alex...
How many times can Chrysler be saved with a bailout? Capitalism is supposed to have companies rise and fall. Who knows, maybe if the government would let these companies fail like a failing company is suppose too, a better industry could form. Honda, Nissan, and Toyota are not knocking at deaths door and GM and Chrysler are? Only time will tell the outcome.