Let’s not forget that the notsoBig 3 all during the same time as the housing bouble was rapidly expanding, they were passing out cars like candy at Halloween with dealer incentive this and zero percent financing that. They created a glut of vehicles in the market. People who can’t afford them are of course not buying, people who don’t need them aren’t buying and people who can afford them and want to buy are picking and choosing because its a buyers market. They were openly sacrificing profit for market share and volume. Their problem, not ours.

As for the “$700 billion” bailout, Christopher Dodd Chairman of the Senate Banking Committee interviewed on NPR On Nov 21, was saying the number was actually $5 trillion. I have a breakdown of the figures on my site.

http://politicalthirdrail.wordpress.com/qa-questions-from-the-audience/no-4-112008-bailout-update/

Let’s not kid ourselves. Buying stakes in companies is socialism. The government arbitrarily picking and choosing which companies fail or succeed is a command economy.

Who is too big to fail and who is not? Which workers are more important and which wokers are expendable? And how do you decide? Answer: All depends who’s in power and where the lobbyists and special interests dollars flow. No more corporate welfare handouts. No more union welfare handouts. No more lobbyist and special interest handouts. That’s how you let the economy fix itself.