An amateurish attempt at explaining current events large and small.
Thursday, September 25, 2008
A Bailout For Everyone
The big three and their suppliers are getting $25 billion in subsidized loans from the taxpayer. I don't get why keeping the big three in business is so vital. If one of them goes out of business, Toyota, Hyundai or Nissan will simply open up more plants in the South and build more cars (better cars at lower prices). In the meantime, the surviving "American" auto companies might try to do things a little differently.