I'm not always a fan of David Brooks and his East Coast conservatism at the New York Times, but today he clearly
lays out the case why the Big 3 automakers should not be bailed out. Read it:
If ever the market has rendered a just verdict, it is the one rendered on G.M. and Chrysler. These companies are not innocent victims of this crisis. To read the expert literature on these companies is to read a long litany of miscalculation. Some experts mention the management blunders, some the union contracts and the legacy costs, some the years of poor car design and some the entrenched corporate cultures.
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