Detroit

I have been sharing a few interesting posts on the potential bailout of the `Big 3' American car companies.

It will be interesting to see what happens here. I think even if not bailing out the car companies is the right thing to do, it will be fascinating to see how Obama deals with this as probably one of his first decisions.

The deal breaker for me is that there are massive job losses in all sorts of other sectors. GM and Ford are broken companies. Throwing money at the problem is going to delay rather than solve the problem. Their issue isn't a liquidity problem, it seems to be one of bad business over a very extended period of time.

If the system becomes one of taxing successful companies and employees, and using that tax money to prevent badly run companies that produce things that people don't want... that just seems wrong.

Plus... why bail the company out? As Stuart said, if it is the workers losing their job that is the problem, just give the money directly to the workers for 6 months.

Let them find another job.

If it is their job they want to keep... well that is just not a problem that can be solved. Their are lots of things that I would like to happen, that just wanting to happen doesn't make so.

Surely the better companies... Toyota, Honda, BMW etc. will expand to fill the gap left anyway?