I usually stick to local events, but the forming lines of badly run companies looking to the federal government for bailout money really hits a nerve. I’ve been reading news feeds for years documenting the failure of Detroit car makers to do anything but pad their own nests. And now they want us to give them money so they can keep the disaster going. No solutions, just gimme gimme gimme.
NYT columnist David Brooks doesn’t always get it right, but he makes a solid point here. This I consider a must read for every taxpayer, then send an email to your representatives in congress. There’s no excuse to reward failure. If Honda and Toyota and Nissan become our largest domestic automakers it will be because they run their businesses better and offer better product.