Peter Schiff on the Chrysler bankruptcy.
In a seven minute video, he makes some excellent points: turing Chrysler into the Post Office or Amtrak while trying to keep the jobs. Unfortunately, those resource tied up in Chrysler must be freed up. And, the government’s bankruptcy court will be at the end of it all the government’s bankruptcy court.
I agree that we have to stop the government from guarantying things — car warranties is another unwarranted intrusion.
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