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Russ Martin Gets Fired!

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Bullets on Banking and The Auto Industry.
Posted: Wednesday, November 12, 2008 1 Hour 37 Minutes 11 Seconds Post Meridian

Some bullets regarding the banks and the auto industry.

  • The government should let the banks fail. Let the FDIC do its job and damn the rest.
  • The government should let the auto industry fail. Out of the ashes of GM, Ford and Chrysler will rise small, high-tech startups who will manufacture the cars of the future. Most of them are already here. With the large trees felled, the little ones will grow faster.
  • This is what economies, do. Anyone remember the dot com failure in 2000-2001? Out of the ashes came a ton of new companies with great ideas. Capitalism always has a way of making things work.
  • Don't bore me with "the auto industry is too big." please. Larger sectors of our economy have fallen and come back. If it doesn't come back then blame the unions.




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