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Should We Bail Out the Auto Industry?

December 5, 2008 By Mark Draughn 1 Comment

A parable:

A few days ago, I was mugged by a white guy who stole about $300 from me. Then just yesterday, a black guy tried to mug me, but I got away. Am I a racist for not letting the black guy mug me?

Some people say that since we bailed out the fatcat investment bankers, it’s unfair not to bailout the labor-intensive Detroit auto industry. I disagree. It’s not about fairness. It’s about not getting mugged again.

Filed Under: Economics

Reader Interactions

Comments

  1. Gary O says

    December 5, 2008 at 6:44 pm

    Excellent analogy.

    Reply

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