William Briggs posts an excellent analysis of the growth of government spending, and asks who benefits. Well worth a read, and the comments are useful too. Click on the title above.
Tuesday, November 11, 2008
Have not posted in a long while, busy writing a story. My kids like it anyway...
So GM wants a bailout. Well. Of course they do.
But that would just lead to more of the same same. What GM really needs is to go belly-up. Then they can reorganise, dump, or at least curb the union, and maybe make cars that can compete on price with the imports.
It is the union that is killing the US car makers. No honest person can deny that.
But we have elected a socialist president and have a socialist congress. So, expect the gov to fork over big cash in exchange for power over the industry.
at 7:09 AM