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Doug K

I agree with your analysis of the bank(rupt)s. Ezra Klein writing on healthcare made a similar point; there is the best possible plan, and then there is the plan which is politically feasible. They won't be the same. It's the art of the possible, as the Iron Chancellor said all those years ago.

The problem with the auto companies is similar to that of the banks inasmuch as both were created by rancid lackwit CEOs imagining themselves Masters of the Universe. As you note the problem is they haven't gotten over themselves even now.

As an immigrant to America I always wanted to buy an American car, but the Consumer Reports reviews scared me too much. I have owned a couple of Fords that were fine.

Rana

For me, the car that turned me off of American cars (despite a lingering fondness for Jeeps and the small Ford pickup) was the Chevy Corsica. Ugly, un-ergonomic, expensive to fix, and a piece of crap plagued by poor design (let's put the most expensive part of the engine - the electronic regulator - right under an oil gasket!) and shitty materials (let's make the brackets holding down the driver's seat out of an alloy that will succumb to metal fatigue in less than five years!). I got $1200 for it on a trade-in on a brand-new Honda 13 years ago, and I've never looked back.

policomic

Thanks for one of the smarter, less vitriolic things I've read about TARP, the stimulus, and Detroit (the wisdom of your take is that it looks at these as pieces of a larger whole, and unlike Krugman and those who agree with him, does not ignore political realities).

tdraicer

>I trust that the President has concluded that this is the best option he's got at the moment. I trust that he has our interests at heart.

That's where we part company. I don't much believe in "trust" as a political concept anyway (see Rex Harrison in Cleopatra) but I wouldn't trust Obama to do anything except for Obama. Trust has to be earned, and he hasn't earned it.

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