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Don't bail out US automakers
The Reality-Based Community — ... General Motors proposes that the public lend it some dozens of billions of dollars more, and Obama seems to think it's a good idea . Sad to see the new guy pooch a big decision so early. Detroit is certainly hurting, and the people who live there and near other plants deserve help, perhaps with bus tickets. But these companies have amply demonstrated that their management is pretty good at making twentieth century cars in a protected environment, but profoundly suck at everything since except, well, sucking up taxpayer money and destroying value. Why in the world would one ...

Josh Nelson: The Next Economic Stimulus Should Help Those Who Need it Most
Politics on HuffingtonPost.com — First the banks were bailed out. Then it was the insurance companies. The auto industry will be next. When will the those who really need it get their bailout? There will be another economic stimulus package in the next few months. President-elect Obama made it clear at his first press conference last week: "If it does not get done in a lame-duck session, it will be the first thing I do as president of the United States." A glance at headlines from the past few days drives the seriousness of the situation ...