bailout

A few points on the so-called "bailout" of the auto industry.

While I'm not an economist, I do have some grip on logic. When you add everything up, I believe the loans are absolutely necessary for our economy.

1. GM, Chrysler and Ford going bankrupt will cost us four times more than the loans. So let's not think we're saving money, or our economy, by allowing them to enter bankruptcy. We just get hit more in the wallet.