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For Senate Republicans, this is a "hill to die on"
QandO — ... Yes, GM may actually go bankrupt in the meantime - but frankly I don’t see the downside there when compared with the bailout alternative. And yes, there may be a temporary spike in unemployment. But a GM restructured to compete, without a "car czar" breathing down it’s neck and demanding it manufacture vehicles the public doesn’t want, is much more desirable. ...

Too Big to Fail? (by Don Boudreaux)
Cafe Hayek — ... In this op-ed in today's Wall Street Journal, I argue against the bailout of GM, Ford, and Chrysler.  Here are some key paragraphs: ...

The Bigger The Firm, The MORE Vital That It Fail
CARPE DIEM — ... restructuring of these three firms. Their shareholders, workers and suppliers have no moral or economic claim on special treatment from government. It is precisely because the Big Three differ in no essential way from America's other firms that bailing them out runs a real risk of cascading into a march on Washington by countless firms unable to see why they are less entitled to taxpayer funds. ~George Mason economist Don B0udreaux in today's WSJ, "Bankruptcy Doesn't Equal Death"

Thursday's Daily News
Club for Growth — THE DAILY NEWS Bankruptcy Doesn't Equal Death - Don Boudreaux, WSJ "Nyet" to Car Industry Bailout - David Harsanyi, Denver Post Bankrupt Bailout - IBD Editorial Senate Could Kill Auto Bailout - David Rogers, The Politico New Blood vs. Friends in High Places - John Fund, WSJ Mr. Rangel’s Problems Roll On - New York Times Editorial AFL-CIO, SEIU Attack McDonald's on Labor Law - David Sterrett, ...

Tom Friedman and Don Boudreaux: arguments against the auto bailout
Knowledge Problem — ... Similarly, Don Boudreaux has a commentary in today's Wall Street Journal on why auto company bankruptcy is not the catastrophic idea that the "Big Three" and some members of Congress would have us believe: ...

Capitalism vs free markets
Stumbling and Mumbling — ... Congress has - probably accidentally and temporarily - heeded the advice of free market economists and voted against bailing out auto makers. And stock markets have reacted badly. Which reminds us of an important fact - the interests of capitalists and a healthy free market economy are two very different things. Those vulgar libertarians who insist upon using “capitalism” as a synonym for “free markets” are abusing language and logic. This episode is embarrassing for both “left” and “right.” It’s awkward for the right because demands for a ...