I have really mixed emotions about the proposed Big 3 bailout.
On the one hand, I want companies to reap what they sow, and I wish we'd let AIG follow that path as well. Can it really be capitalism if we only let the big winners win big, and never lose big? Anyway, those car companies ignored the reality of shrinking oil supplies for decades, blinding themselves to reality, so why should we have to pay for them?
However, that's not to say that I don't recognize that the people who will suffer are the employees, the line workers, the factory men and women, many of whom work for the same company their dad did, or does. The executives will be FINE. Detroit has already been hit so hard, I can't imagine how much worse it would get. I remember my friend Heather's stories about Flint before her family moved to Houston in the 80's.
How bad is this thing going to get, anyway?