Car of the Day: 2012 Holden Ute SS V-Series Redline Edition

$62,028 plus import fees to get it to the US from Australia.

Prey

Here's a great quote from an article by Thomas Sowell at NRO:

Will this save Detroit or Michigan? No.

Detroit and Michigan have followed classic liberal policies of treating businesses as prey, rather than as assets. They have helped kill the goose that lays the golden eggs. So have the unions. So have managements that have gone along to get along.

Boohoohoo

I've seen a lot of writing in the Detroit papers, like this article, boohoohoo-ing about the failure of the auto bailout and lashing out at Congress, Republicans especially, for stopping it. Well, guess what? The majority of the country opposes the bailout, according to a Washington Post-ABC News poll (Hat tip: The Corner). This brought to mind a quote from Patton:

Americans love a winner and will not tolerate a loser.

In the eyes of most Americans GM, Chrysler, the UAW, Detroit, definitely the Lions, and Michigan as a whole are a bunch of losers. Why would they want to reward a bunch of losers?

“You have to burn them down and start over.”

More bailout talk.

Chapter 11, part 2

There's a lot of great information about the Big Three in this post at the Corner by Jim Manzi, but I think his graph pretty well sums it up:

Chapter 11

Here's some of the clearest writing I've read about GM and bankruptcy. Worth your time.