Sunday, November 16, 2008

Like a broken clock, the Columbian occasionally gets it right: Bailout Bad Idea

I don't frequently agree with The Columbian editorials. But when they get it right, they get it right... and this time, they got it right:



In Our View Nov. 16: Bailout Bad Idea
Propping up dinosaurs is not a good tactic

Sunday, November 16 2:00 a.m.

This week, members of Congress are expected to consider a bailout of U.S. automakers. Senate Majority Leader Harry Reid has said the Senate will begin debate Monday on $25 billion in emergency loans and a test vote could be conducted on Wednesday. A bailout of U.S. automakers — at least as described so far in America’s murky economic crisis — would be a bad idea for at least five reasons:

More:

at

No comments:

Post a Comment

If I cannot identify you, then your post will be deleted.

No threats (Death or otherwise) allowed towards me or anyone else. If you have allegations of misconduct, they must be verifiable before I will publish them in comments.

Enjoy!