The Car Bailout Failure

So the car industry didn't get its bailout last night. I thought the American thing to do was this: when businesses produce crap for years, the gov't should automatically bail them out.

Right.

I realize the Dow may go into the tank worse than it ever has today. I also realize that a lot of people will be affected if these companies go under. But seriously, I do not understand why in a capatalistic society the government should be responsible for supporting a company that is simply not keeping up.

This image (sorry, I don't remember which blog I found it from) sums up my views perfectly:

 

It's not about whether you "buy American" or not - that line is pretty blurry these days anyway. It's about companies that refused to change with the times.

* Posted at 12.12.2008 07:42:58 AM CST | Link *

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