Indications I've seen point to continued opposition to bailouts on the part of the American people - which Congress continues to ignore.
One thing which occured to me as I read Walter Williams' op-ed on the subject this morning: if Congress bails out Detroit despite American opposition, what makes them think Americans will want to buy their cars? If Americans are opposed to the bailout, might that opposition lead them to reject Detroit's products?
If GM, Ford and Chrysler's sales tank as a result, what was the point of the bailout?
Rare Clarity on Iran
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Via the Harry Binswanger Letter, I learned of a fantastic editorial from
the British press regarding the situation in Iran and what the West ought
to do.
...
8 hours ago
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