that too helps everyone - no it doesn't; not in the long run. I honestly don't know what McCain & Palin have been saying about this (nor do I care) but corpora

that too helps everyone - no it doesn't; not in the long run. I honestly don't know what McCain & Palin have been saying about this (nor do I care) but corporate welfare undermines accountability at the corporate level. Accountability is absolutely essential to functioning of the market and handouts such as these have been undermining the US auto industry since the fifties. This is a very large part of the reason that they are in trouble today. If we are concerned about the employees, we should just give them the money directly, but giving the money to the corporate execs is essentially rewarding bad behavior and staving off the inevitable. Corporate handouts are like stimulants for the economy; they provide a short-term high, but they will be followed by a corresponding low and the longer you prolong treatment, the longer and more powerful the low. BTW a labor surplus isn't necessarily so bad a thing; employment for the sake of employment is almost as bad an economic policy as corporate welfare (It's one of the more obvious failures of the New Deal.) and if the big three are no longer profitable, that is what this bailout amounts to.