Steyn: Bailoutistan Bound

(Guest Post by Matthew Ladner)

Mark Steyn doesn’t pull any punches  in the Washington Times this morning. Money quote:

General Motors now has a market valuation about a third of Bed, Bath And Beyond, and no one says your Swash 700 Elongated Biscuit Toilet Seat Bidet is too big to fail. GM has a market capitalization of just over $2 billion. For purposes of comparison, Toyota’s market cap is $100 billion and change (the change being bigger than the whole of GM).

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