Fast forward 20 years and the future of the auto-industry with a bailout is clear. Over the last several days, I have heard congressman like Barney Frank talk about how, with government control, they will be able to make the right cars. Emmanuel Cleaver, congressman from Missouri, said that with government money, the government will get to choose how the industry is run.
Is this what we really want? Did we elect the representatives so that they could run businesses. I hate to say it, but most of them are in the line of work they are in because they couldn't run or work for businesses in the private sector. I have not in my life time, nor in any time past, seen a single example of a government run business that is successful. The current crop in Congress very much want this control. They want to limit the number of models available, green up the cars, and keep the unions in place. They want to eliminate the very market forces needed to save this industry.
We have seen what this kind of government intervention leads to. Look at some of the wonderful automobiles that were produced behind the iron curtain. The soviet era AvtoVAZ, the Volkswagen of the people, minus the dependability. Do we want a nation of Yugos and VAZs. Go ahead and let the government take it over. The only choice you will end up with for domestic cars is what color car you want to have, who's paint will chip off anyway. I'm sure the Japanese are lovin this.