Tuesday, November 18, 2008

No Bailouts for Car Manufacturers

Are you serious? We are now considering bailing out the auto makers? Ridiculous. A quote:

"We are willing to provide full financial transparency, and welcome the government as a stakeholder -- including as an equity holder," Robert Nardelli, the head of Chrysler, said in his testimony.

"The Government" is YOU and ME. That's our money.

I'm not afraid of your bogeyman.

If your business can't survive on its own, it is a bad business and it deserves to fail.