Mish vs. The Auto Bailout

Stop The Auto Bailout Campaign - Phase Three. A concise list of the best reasons not to waste money on bailouts for the auto industry.

The airline industry did not stop flying when it went bankrupt and the auto companies will not stop producing cars if they go bankrupt. In fact, bankruptcies will eliminate the debt on the books decrease interest payments and make the companies more competitive, if and when they ever get around to producing autos that consumers want instead of what the manufactures want to produce.