“The government is actively bailing out anyone who has been irresponsible. All of the people who have behaved responsibly are being forced to give their wealth away to people who specialize in pissing wealth away.”
Very true. I wonder how Toyota, Honda, Hyundai, BMW, Mercedes and all the other solvent automakers who have plants in the U.S. (and their many employees) feel about bailing out their uncompetitive, failing counterparts?
According to The Times (London) BMW and Mercedes have experienced major sales drop and are cutting back significantly. The EU is working on a $50 billion bailout for the European auto companies according to the article.
Jack