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Thursday, December 04, 2008

Time to let go of GM, Ford, and Chrysler

As the big three American car companies, GM, Ford, and Chrysler, face severe financial difficulties, there is much pressure for the U.S. Government to bail them out, again.

Enough is enough. Why spend untold billions that will be wasted into nothing? Don't worry, there are plenty of companies that have gone down and the government didn't have to bail them out.

In the early 80s, does anyone remember software company Lotus? They made the Lotus 1-2-3 spreadsheet and overwhelmed Microsoft that time. Time passes and Lotus is dead, but the software industry is incredibly strong.

In the 80s and earlier, Woolworth was a powerful department store and a Dow Jones component. Time passes and Woolworth goes bankrupt, but the giant retail industry is stronger than ever.

Yet none of these business extinctions required a massive government bailout. Let the car companies go and make the necessary adjustments. They likely won't become extinct, but they will definitely downsize their staff and production plants. Let it be, but don't press the government to pump in precious billions for an already dead cause.

And you right-wingers giving money to a dying cause like Steve Sailer and his dying ideals, you should stop being such hypocrites on Darwinism. Like futile bailouts of dying car companies, giving to Steve Sailer is just as well a dead-end cause.


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