More Reasons to Oppose Auto Bailout

There are so many good reasons to oppose the proposed auto bailout, besides the fact that the Democrat and Chronicle editorial board seems to support it, that one scarcely knows where to begin, which is why we haven't begun yet, this being our first comment on the subject.

We admire these comments from Thomas L. Friedman in Tuesday's New York Times:

[O]ur bailout of Detroit will be remembered as the equivalent of pouring billions of dollars of taxpayer money into the mail-order-catalogue business on the eve of the birth of eBay.  It will be remembered as pouring billions of dollars into the CD music business on the eve of the birth of the iPod and iTunes.   It will be remembered as pouring billions of dollars into a book-store chain on the eve of the birth of Amazon.com and the Kindle.  It will be remembered as pouring billions of dollars into improving typewriters on the eve of the birth of the PC and the Internet.