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The Big Three Killed My Baby

In honor of the current chapter of the American financial meltdown, here's "The Big Three Killed My Baby" by the White Stripes, one of their few politically oriented songs.

As 61% of Americans are opposed to a bailout of the three auto giants, they're being threatened once again. Just like the subprime lending crisis, we're being warned of a potential "new Great Depression" if we don't create money out of thin air to rescue the auto industry. From Breitbart:

"We're on the brink with the U.S. auto manufacturing industry," [Chrysler executive] Press told The Associated Press in an interview. "If we have a catastrophic failure of one of these car companies, in this tender environment for the economy, it's a huge blow. It could trigger a depression."

These companies have no plans to change their business models, no plans to alter their relationships with unions or lobbyists...they have no plan other than to beg the government for their own chunk of taxpayer money. There isn't even a plan to pay Americans or the private banks back for this bailout, other than to create a "government oversight board." Gasp! A government oversight board! How I feel better already.

Bailouts do not solve problems. They are government-issued band-aids that consist of money that never existed, created out of nothing and on loan from a private bank. Free enterprise has lifted more people out of poverty than any other system devised by mankind. Freedom has a neat way of working out like that. But economic liberty includes the freedom to fail if you don't live up to the expectations of your consumers, bind yourself with union agreements, and churn out poorly-made and decidedly ugly cars that no one will drive.


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