Thursday, November 20, 2008

Three Stories Worth Reading Regarding The Proposed Big 3 Bailout

   Here are three disparate stories, each of which suggests a saner approach to moving forward than just handing out cash to losers, as the Big 3 have demanded...errr...requested.

   Not all auto companies operating in the U.S. are failing - and these folks working in and around Honda's plant think badly run businesses, beholden to unions, should be allowed to fail. Concur.

   Seth Godin suggests encouraging entrepreneurs to return the U.S. to the good old days of lots of car companies and lots of options for consumers - good call!

   And finally, Michael Moore, whom I expected to be overly sympathetic to the union, and therefore all for bailing out the Big 3, has a refreshingly even-keeled take on a controlled receivership of some sort.

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