I do not understand why some people are opposed to a $25 billion government bailout of the U.S. auto industry.
The price is cheap. That $25 billion represents less than three months of the cost of the Iraq war.
I oppose the bailout because unlike national defense, propping up certain industries is not an area in which the government should involve itself.
By analogy, Mr. Simon suggests that because a couple buys a car with a payment of $300/month, neither partner should object to using a home equity line of credit to buy $900 worth of crack cocaine.
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