Swing Trading Strategies & Stock Picks Since 2003

I'm sickened that the so-called Big Three automakers are whoring their way to Washington D.C., hats in hand, seeking a $25 billion bailout. I've had zero respect for the U.S. auto industry my entire life. It represents the worst of American business:

• Overpaid, incompetent executives
• Bloated, corrupt unions
• Fat, dim-witted, self-entitled laborers
• Crappy products (I've never bought an American car in my life)
• Welfare-state mindset

Given that the U.S. seems hell-bent on a course of financial self-destruction, the logical next step is for them to give in and hand Detroit what it wants. The smart thing, and the right thing, is to let Free Enterprise (remember that? anyone?) take its course and let these organizations die. That's how business is supposed to work.

America makes great software. Great computers. Great inventions. Great pralines. Great hamburgers. But the city that gave you the Pinto (or the Aztek, for that matter) doesn't deserve to be propped up.