IT'S ALMOST TOO OBVIOUS HOW THE CAR COMPANY DEBACLE WILL END...
THEY ARE "TOO BIG TO FAIL"...
BUT TOO BURDENED WITH "LEGACY" SOCIAL COSTS TO BE ALLOWED TO FAIL...
AFTER ALL, IF YOU THROW A BUNCH OF WORKERS AND RETIREES OUT IN THE STREET...THEY WILL ONLY GO ON WELFARE, FOOD STAMPS, AND MEDICAID...
SO, WHY NOT JUST NATIONALIZE THE AUTO INDUSTRY...AND MAKE IT INTO A "GOVERNMENT RUN ENTERPRISE?"
I SORT OF FEEL SORRY FOR THE CITIZENS OF THE FORMER USSR...
WE NO SOONER CONVINCED THEM THAT FREE ENTERPRISE WAS THE WAY TO GO...
THEN...THE US ECONOMY TURNS INTO THE A SOVIET SOCIALIST REPUBLIC!!
PUTIN WAS RIGHT...THE USSR SHOULD HAVE STOOD IT'S GROUND FOR A FEW MORE YEARS...AND AVOIDED THE OLIGARCHS AND THE MAFIA STATE...
BUT THEN THEY HAD THEIR "DRUNK" RUNNING THINGS WITH YELTSIN....BACK IN THE 1990'S
TEN YEARS BEFORE WE GOT OUR "DRUNK-IN-CHIEF" ... IN DUBYA!!
THE WORLD IS SO FUCKED RIGHT NOW... I HAVE NO IDEA HOW THEY GET OUT OF THIS MESS...
I SUSPECT THAT JUST LETTING IT ALL COLLAPSE WILL BE THE END RESULT...
BUT I WOULD HOPE THAT A SAFETY NET CAN BE ESTABLISHED FIRST... SO WE AREN'T ALL LIKE RUSSIAN BABUSKAS...REDUCED TO SELLING TRINKETS AT THE METRO STATIONS...
