Tuesday, December 16, 2008

This comes as no surprise.

Americans, in general, do not want to bailout the auto industry.

http://www.msnbc.msn.com/id/28248202

And I am included in those polls. I believe the work of free trade must continue. As this market begins to correct itself, it must weed out those businesses that are failing.

Failures of businesses is what creates new businesses in the first place. GM, Chrysler and Ford may not even exist if it weren't for some company before them that failed. It's the basis of business.

AIG, Wall Street, Fannie Mae, Freddie Mac, Chrysler, GM - they should all be allowed to fail if they can't stay afloat by themselves. I gladly accept the resulting economy post failures because it ensures new and better businesses and better business models to begin and grow.

Americans in general agree with me.

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