UncleNasty -> RE: Should The US provide aid to the automotive industry? (11/11/2008 5:54:57 PM)
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Just say no to bailouts. Failure is as important as success. An analogy may be helpful here. Historically certain types of forests naturally experienced frequent, but small, wildfires. Because their frequency kept deadwood at a minimum, the fires never grew into large conflagrations. However, when government forestry services instituted fire suppression policies, they eliminated most small fires, but caused deadwood and other fuel to accumulate. When at last a fire came that could not be suppressed, it grew into a devastating inferno. Learning from their errors, forestry services have abandoned fire suppression policies. We've been putting out "economic" fires for a long time now. I think it is time to abandon this policy too. If the system, or any business, needs this much support it probably needs to fail. Uncle Nasty
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