Ron,
LMAO......fun as usual.
I believe your suggested approach could cause too much pain, take way too many big and little people down, and possibly trigger something much more serious than what we are currently calling a bad "recession." You disagree, and you use equally good arguments to support your position.
One thing is clear and without doubt. Japan would never (even after pigs fly) allow it's auto industry to founder, even if it were in the same shape as ours. Japan also provides major governmental support even when it is healthy, and we do not do the same thing.
However, as we agreed on another thread, neither one of us has any freaking clue regarding what will happen in this downturn, given various interventionist vs. hands-off strategies, or what is best. However, we are both very good at expelling hot air !
