can general motors become a global leader again? it s a very tall hill to climb. they have got very interesting products they are developing globally. they were at that same point the homeowner is when they are about to lose their home. do you want a life line then? it was an expensive life line, big gamble, i hope they pay off. p.j. o rourke, you re the son of an auto salesman. four generations have been in the car business. i don t see any place for government in this kind of do you believe what he said, there was a chance those companies could have gone under. we do a little thought experiment on that. do we really believe those companies had so little value there wasn t enough international capital out there to get involved. chrysler said they couldn t sell it for a dollar. well, they may be right and that may have been about what it s worth. why are we the taxpayers keeping
business. i can t change my oil. i don t see any place for government in this kind of do you believe what he said, there was a chance those companies could have gone under. we do a little thought experiment on that. do we really believe those companies had so little value there wasn t enough international capital out there to get involved. chrysler said they couldn t sell it for a dollar. well, they may be right and that may have been about what it s worth. why are we the taxpayers keeping something alive they couldn t sell for a dollar. you know capitalism isn t important because capitalism succeeds. it s a wonderful aspect of capitalism that succeeds. what s important about capitalism is it fails. you want to know what happens to a bad idea like some of our entitlement programs with government, it gets better. what happens with a bad idea when it s free market, it disappears. it goes away.