PROFESSOR BAINBRIDGE: No Bailout for the Auto Industry. “Union contracts that impose astronomical health and pension costs, make innovation harder, reduce production flexibility, and fail to ensure quality. American workers can produce quality cars and do so at numerous foreign owned plants. Most of those plants, however, are not organized. A Democrat-sponsored bailout is certain to preserve the current union contract.” And that’s not the worst of the problems . . . .

Plus, Varifrank asks, Why can’t GM be allowed to go into bankruptcy?