Listening to the auto execs this week, you'd think it would have offered a humble moment for them to come clean on their mistakes. But no, they continue to deny any responsibility for the mess they are in.
Memo to the media: you want to see the auto industry go down? Fine. But, at least try to give the facts about the cuts, concessions and job losses that workers have taken on in a bid to save their livelihoods.
As a foray into the troubled waters of the biggest industry crisis of our time, Romney's plan epitomizes how Republicans think about the economy: by pretending we live in a Dickensian version of the Eisenhower era.
Autoworkers are aces with me. And so are cars. Very useful for getting around. That said, there are only two reasons to save an American car company: Nostalgia and nativism. And neither of those is a very good reason.
The question shouldn't be whether or not to bail out the U.S. auto industry, but how assistance to the car manufacturers fits within the larger national energy plan that is greener, self-sustaining and economically positive.
Sen. Reid's new bailout bill for the Detroit Three does not set additional fuel-economy requirements, nor does it establish a government oversight board. That's two strikes against getting our money's worth.
What a boon it would be to have a renaissance of our historic "Detroit Arsenal," with our government and the automobile industry working together once again on a program critical to the nation's well-being.
The government can use the bailout money to set up a new universal healthcare and pension plan, releasing the industry of this massive obligation and giving them the opportunity to be competitive and a strong force in the marketplace.
Rescuing the Big Three is the contemporary version of saving the buggy and whip makers instead of investing in tomorrow's equivalent of car makers -- green industries, public transportation, and new technologies.