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RE: For Pete's sake
By Ringold on 1/3/2013 2:45:29 AM , Rating: 3
GM's 'bailout' will still lead to it's inevitable decline. It's like an ex-Hollywood hottie on her last facelift. Look at the billions of pounds the Brits invested in their auto industry. How many of them today are independent and owned by Brits instead of foreigners?

Exactly. Rewarding failure virtually always leads to more failure. Clinging to the mid-1900s obsession with manufacturing just shows liberals aren't as forward-thinking and adaptive as they'd like you to believe. (Marx lived before any such boom in services and intellectual capital could be imagined, so that they can't advance beyond manufacturing only betrays their ideological moorings)

Relevant fact: This isn't the first time Chrysler was bailed out, either.

