Bailout of the Big 3

[Von Milash]

I started this so I may as well offer my take....in 100 words or less...this is incredibly complex....

the big three built shit, were uncompetitive, inefficient, and failed to address the current macroeconomic factors and trends driving the marketplace. They built shit gas guzzlers when the japs were producing things smaller and better. But to their credit, they also fought hard to establish a standard of living that we've all come to enjoy.

On the other hand, it's the shareholders and Wall st analysts demanding annual returns forcing them to make cuts that will boost eps. it's a short term fix, and adds nothing to organic growth.

on the third hand, the west has freely and openly engaged in RTAs with countries who are not at the same level of economic development. They've also sat back and allowed domestic firms to offshore contracts to these countries, thereby eliminating domestic work and shifting it to countries that pay no attention to basic human rights, CSR, sustainability, etc.

No party is beyond reproach here. That's why I agree with the bailout--b/c the gov't contributed to this mess. But I don't think they should be state run. But they should have a damn sound business plan in place....

Our current model of free trade goes against everything David Ricardo intended gains from trade and comparative advantage to mean.