USA Today has an editorial opposing a massive proposed bailout for the automakers. The automakers would be leaner, more efficient, and more able to survive in the long run if they filed for bankruptcy in order to abrogate their absurdly generous union contracts, rather than being bailed out by taxpayers to the tune of tens of billions of dollars. Airlines keep operating all the time after filing for bankruptcy. By contrast, when England bailed out its automakers in the 1970s,…

Read the full story