The most sense I’ve heard in a long time
Alan at Snarky Bytes being sensible about GM’s troubles:
Recessions are a necessary part of the economy. Like seasons and forest fires, they strip out the dead and useless and leave room for new growth. Recessions are not a crises to be managed and trying to avoid or mitigate them only make things worse. The ONLY thing that government spending can do to a recession is make it worse.
Amen! The longer we try to forstall the inevitable, the more good money we will throw after bad. A short, sharp pain now is much better then a long, drawn-out “bailout” that will ultimately end in failure.
Oh, and I’ve added Snarky Bytes to the blogroll.
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