No On Taxpayer Bailout of Auto Industry, Say Free Market Economists
(CNSNews.com) - It would be better to let struggling U.S. auto firms file for bankruptcy and restructure their companies than subsidize them with a taxpayer-funded bailout, said free market economists and financial experts. House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.) have expressed support for a bailout.