It's been coming for a while now, but the Great Lumbering 3 Bailout is slowly gathering steam. Slowly, at least, relative to the rate at which GM is burning cash. Congressional Democrats have made their desires known, and even seem to be maneuvering to cut opposition off at the knees. Obviously, a blog promoting a very Jeffersonian version of prosperity will have a slightly anti-car bias, but this willingness to throw money at executives and unions in order to preserve a manifestly bad business model doesn't bode well for innovation in the economy.
Here's to hoping that an Obama administration will actually nationalize the company and turn it into something that doesn't require most Americans to borrow half or more of their incomes to buy something that loses value. If he's serious about wealth redistribution, stopping that process by which money goes from middle class paychecks to bank profits would be a great first step. There are a lot of business models that might work, and since we seem to be trading suburbs for city life anyway, this would be a great time to invest.
Curiously, there has been almost no commentary on this from the GOP base, at least that I've seen. The sum total is here: http://www.gopusa.com/forum/showthread.php?t=55220 where frustrated conservative inveighs against it, while the forum admin admonishes him for not fully supporting the GOP. There's a longer post coming on how the GOP came to associate protecting suburban prosperity with being patriotic, but that's for later.
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