[uNkNowN ElEmEnt]

I came away from the Peter schiff interview on CNN thinking that if he is right and these businesses should have failed then shouldn't we boycott the companies that are being bailed out since they are most obviously not stable entities, or have good management.

Comments?

[idiom]

We are boycotting the auto companies already.

[bratticus]

We are boycotting the auto companies already.

Is it a boycott when it's involuntary?

[Golgo13]

Here's the interview, for those who haven't seen it:

[video width=320 height=305]http://www.europac.net/media/Schiff-CNN-12-4-08_lg.wmv[/video]

[Daniel_Plainview]

On youtube, the interview is in two parts:

http://www.youtube.com/watch?v=ddUtu3y13vU

http://www.youtube.com/watch?v=zT7Y0OQEVzk

[patience]

Typical TV free-for-all, where 5 big issues/minute are brought up and slung at each other hoping something dirty will stick to the other guy. And, or course, we have the "interviewer" egging them on and dismissing good points with abandon on both sides of it all, with no time allowed for resolution of anything.

Result is chaos. Lots of noise and nothing useful to take away from it. TV is disgusting.

Should we bail out the auto industry? Probably not, because we piffed away all the money on Wall Street bankers FIRST, leaving no money or assets. If we had bailed out industries FIRST, we'd have had a chance, I think, but now it's all gurgling down the drain. Whatever is thrown at the dysfunctional carmakers now is too little, too late. Their market is gone. As Peter said, people can't buy cars with no money, and SHOULD wait until they can pay for them. No chance of that. Most consumers are broke.

Peter made a good point that the govt should not dictate what companies make, nor how they do it. The alternative is to re-educate the car buyers to demand something sensible to drive, and we don't have time for that, nor money to retool the industry. I'm convinced that the US auto industry is toast, whether we throw money at them, or not. So there's no point in it. It's a political football now, due to the number of jobs involved.

TV adds no clarity to the issues.