As the Senate prepares to debate a $25 billion bailout package for American automakers, I can’t say it enough times:
It is not the job of the government to prop up failing businesses. Period.
Banks, auto manufacturers, airlines, trains… these are all private corporations who need to make it on their own. If they can’t compete in the marketplace, then they should close their doors. Things are slower in the web programming arena these days, but you don’t see me asking for a handout from the Gov, nor do you see the Senate even considering what to do about a hundred thousand small businesses that are having a much harder time of it than a few dozen mega-corporations which gobs of liquid cash and executives who earn a hundred million a year.
What happened to capitalism? It looks more like an unpleasant mix of cronyism and socialism to me…