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Monday, December 8, 2008

Heritage Foundation on the bailout

The Heritage Foundation's blog has a great post on the U.S. auto industry, which is much broader than the Big Three.

They are also kind enough to comment favorably on NHWatchdog.

Pat Buchanan made the protectionist argument on Hardball with Chris Matthews and our own Senior Research Fellow James Gattuso appropriately disproves it. Grant Bosse has it right when he says,

Bailing out the Big Three is subsidizing failure. And you only subsidize something when you want more of it.”

FYI, Honda opened up a new plant in Indiana just two weeks ago.

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