Mitt Romney came out today and said that if the Big 3 get the bailout, you can kiss the American auto industry goodbye. He is a wise money man, and his dad was an auto exec.

He says if we don't bail them out, they'll have to drastically restructure themselves. If we do, they'll just keep going down the suicidal course they are on.

I heard one of the Union leaders say they can't make any concessions. Well, I guess if they'd rather have their companies go bankrupt and lose many jobs rather than taking some cuts in pay and benefits - fine!

On some news program it says Big 3 workers average $71 an hour with benefits, as opposed to those who work at American plants for Toyota/Honda that average something like $40 an hour. Big difference!