http://www.gasgoo.com/auto-news/1009821/Watch-your-relationships-with-US-partners.html

I’m not wild on the government playing favorites with our cash (Chrysler using the bailout cash to lay down money on the hood of their cars while Ford struggles, etc), but how are many of these suppliers going to survive in this market, anyways?

Being an optimist and working under the assumption that Chrysler and GM won’t go bankrupt, who are going to buy the cars that are filled with the supplied parts? Production is already cut back severely. I don’t think the import factories can make up the difference–they’re working in the same market.

This whole exercise is an expensive effort to make it look like the politicians are doing something when they aren’t. Bush needed to show that he did give two craps about domestic policy, and the Democrats and Obama want to prove to the rank-and-file UAW members, who have shoveled them cash for the last seven decades, that they did try.

The people who take the money aren’t the only ones who will get burned. All the taxpayers get burned, everyone in business connected with, or in competition with people who take the money get burned, and everyone who now won’t get the wonderful products that come from our capitalist machine will get burned.

Next thing you know, they will come and make some people take the money, so then they can burn them.