Originally featured on
Jan 9

Written by:
1/9/2009 5:06 PM  RssIcon

Editorial Cartoon, December 2008I'm typing with clinched teeth this morning as the news reports continue nonstop about the automotive industry's demand that taxpayers bail out its poorly managed, high-union-labor-cost industry. One pundit called giving the automakers any bailout simply pouring bad money into a black hole. He continued by asking what do you get after $25 billion? His answer: the same bankrupt, inefficient, high-labor-cost industry, making cars people don't want.

It seems to me that most of the industries clamoring for tax dollars are looking to be saved from their own greed. A recent example shows how one company responded when the government rode in to rescue it from its own bad decisions. The insurance giant, AIG, was called too big to let fail, so in early September, the government loaned AIG $85 billion.

Read the rest in our online magazine archive.

Location: Blogs Parent Separator BE Blogs

Your name:
Gravatar Preview
Your email:
(Optional) Email used only to show Gravatar.
Your website:
Add Comment   Cancel 

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

D. Pagan Communications /   Friday 10:35 AM
Blue Line is Hot on the Trail of DPA Microphones
Clyne Media, Inc /   Thursday 09:51 PM
Focusrite Expands RedNet Range

Featured Articles
Discover TV Technology