Bankruptcy Pre-Pack

Not as terribly, God-awful bad as a full-on bail out.

It was a slap in the face of Americans this week when the Big Three CEOs flew in on their private jets to ask for government handouts. In the normal world, if you don't do your job, you get fired. I guess the CEOs don't understand that concept (or Democrats, for that matter). It wouldn't be great to have 3 million people + lose their jobs if the American auto industry tanks, but in our free market system, that's life. If the unions didn't have so much power and the American auto makers took a hint on business concepts from foreign automakers like Toyota, Honda, Kia, Hyundai, BMW, etc etc, maybe this wouldn't be such a huge mess.

Let the Big Three die out, and foreign investors will swoop in and buy up the companies, probably hire the same people, and resume business activity. But where's the fun in that?