Richard Ebeling's OpEd on the auto industry bailout recently appeared in the Philadelphia Inquirer:

Fast on the heels of the $700 billion bailout for America's banks and other financial institutions, the U.S. auto industry is now begging, cup in hand, for a similar handout. Detroit's Big Three probably feel they've earned it - having spent tens of millions of dollars on lobbying and campaign contributions to make political friends in recent years.

In another instance of an industry's declaring itself "too big to fail," senior executives from General Motors, Ford and Chrysler want the American taxpayer to cough up $50 billion or more to cover the industry's losses. While they met some resistance in Congress this week, they also seemed to be getting plenty of sympathy in the nation's capital.

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