Saturday, November 15, 2008

Automotive bailout does not represent the 'future'

I've struggled with the issue of the automotive bailout currently being debated.

On the principled side, I oppose the government action. On the compassion side, I have empathy for the individuals and families affected by the problems.

There is plenty of blame for the current situation from the individuals demanding unsustainable wages and benefits all the way up to the CEOs, who made the bad decisions over the last decade, and Congress, who is more interested in placating special interests than in protecting all the rest of us who foot the bills.

I think this column by Michael Barone makes some good points, so I wanted to share it with you.

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