Really not sure what to think about this...

On the one hand, several of George Will's points are well-taken. Trying to prop up failing carmakers may well just be prolonging the pain. (Mr Will seems more concerned with the harmful effects of propping up companies that provide working class jobs than the evils of propping up investment banks, but oh well....)

I'm just not sure how seriously I can take an argument that relies on Calvin Coolidge as its model of prudent leadership.