The Economic Nationalist

Do feminist career women with high IQs not grasp the long-term danger inherent in permitting, even encouraging, their intellectual inferiors to outbreed them? If they do grasp it, do they care?

HJH

News: As of Friday morning, December 19, the U.S. Treasury had not burned through quite the entire $ 350 billion fund Congress had appropriated for it to bail out Wall Street. At least $ 17.4 billion evidently remained. The outgoing George W. Bush administration has decided to exercise the discretion the bailout statute affords it to redirect this last remainder to rescue Detroit.

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Some fret that the auto-industry bailout bill delivers operational control of the U.S. auto industry to a federal government that knows little or nothing about making cars. This concern is proper, it is right, and the Economic Nationalist shares it—for the federal government indeed should not be trying to operate car manufacturers—but the concern entirely misses the bailout’s point. The point is not to make America’s auto industry more efficient, for the industry itself has already done that. The point is to ensure that America still has an auto industry at all.

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Paul Gottfried writes,

I for one shared McCain’s relief that Obama won….

If any of Congress’ anti-bailout Republicans can produce a concrete plan to guide Detroit’s Big Three auto makers through Chapter 11 bankruptcy toward future vigor without compromising the actual Americanness of the American auto industry, then Congress ought to consider such a plan on its merits. In the meantime, however, Tom Piatak is right when he writes, “But even if the attempt to save the Big Three ultimately fails, both prudence and patriotism suggest that it is worth trying.” On unapologetically conservative grounds, the Economic Nationalist believes that Congress should appropriate from the Treasury the needed billions to bail out the U.S. auto industry.

Now, whether you agree or you disagree, the present public discourse on the topic nevertheless suffers an extremely serious flaw, a flaw which makes it nearly impossible to reach rational public conclusions in the matter and a flaw of which all this blog’s readers should make themselves acutely aware. The flaw: there is no such person, there is no such corporation, as “the American auto industry” or “The Big Three.”

It does not exist.

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