Message to Washington: Do Not Bail Out Auto Makers

It seems a bevy of businesses are lining up at the trough to gorge their snouts in the $700B bail-out, including the big three American auto makers.

Congress should not let them in. US auto-makers problems are not born of credit liquidity issues; they are born of lack of market share. They simply have not been turning out products that the public wishes to buy, and those that are popular tend to be very sensitive to changes in the price of oil.

Congress would be better served in allowing the big automakers to go into bankruptcy, and using the money of the American people to fund tax credits and low-cost loans for auto-makers SERIOUSLY pursuing electric cars. Change or die Detroit. Change or die.