November 18, 2008 9:53AM

A Tale of Two Auto Industry Business Plans

As Detroit’s lobbyists rack up the expenses trying to paint the Big Three and the UAW as innocent victims of the credit crunch, American workers cheer the groundbreaking of an American automobile plant in the American heartland by Honda, which has been producing vehicles in Marysville, Ohio for more than a quarter century now.

Let’s not forget that it’s these companies — the one’s capable of making the investments in manufacturing, the one’s who are leading the way in terms of producing fuel‐​efficient, comfortable, stylish vehicles that Americans have been inclined to purchase — that are implicitly taxed and burdened when their competition is subsidized.

A “bailout” costs taxpayers/​consumers in many more ways than one.