People, it’s not just the autos and their suppliers….think of the trickledown economics of it. A major health care system here in Michigan announced last night that they have to reduce their work force by 30% due to reduction in elective treatments and people coming into Emergency Rooms who can’t pay their bills!  Here’s another statistic, if you think oh well if the fail, I buy imports! Think again 95% of the suppliers used by the Big 3 are used by the imports as well.  Don’t let the upper Midwest become a black hole.

This is past being a Michigan thing.

Of course - me being me I had to respond with an essay (written on my Blackberry no less):

The question is where do I place my principles with a vote for more government intervention into *private* business. Today they are bailing out financial institutions - if tomorrow is the Big 3 - where does it end? Government involvement in propping up markets and businesses is a recipe for disaster and another step down the socialism highway. Let the market self regulate - because - by gosh it works! Rather than telling the government to "fix it" - business owners and "C" level management should be adapting their business to changing markets - not just pushing ahead because "this is how we have always done it". If we had that mentality at <insert my company name> - we would have crashed and burned when the tech bubble burst ( a good example of artificial markets caused by government intervention). The sooner our government stops meddling with market forces - the sooner the market will correct itself and fill legitament vaccums that may have been created by government interference. It won't be pretty, it won't be fun - but to continue on this path will lead to an even worse economic situation. . . .

But - I digress - I am pretty sure most of us knew where this crazy fiscal conservative sat on this issue anyways. . . .

And <co-worker name removed> - for me this is not just a Michigan thing - it's a systemic failure of a central banking system (the Fed) and government intervention that ultimatly fails.

//Spence Fasching - Pardon the typ0s, sent via Blackberry