The UAW Bailout

Power Line Blog has posted an article running the numbers on the car manufacturers in this country.  There is a chart in the article that shows the pre-tax operating profit for Ford, GM, Chrysler, Toyota, Nissen and Honda.  The chart says it all.  Unless the American car makers restructure, we will be bailing them out every six months.  It's like dealing with a teenager and a new credit card--you teach them to use it responsibly or you take it away from them!  Anyway, it's an interesting article.