Quick thoughts on the bailout

A couple of quick thoughts on the bailout bill and how the bill seems fundamentally flawed:

1. I'm not happy with the idea of bailing out businesses who have made mistakes. If I made poor investment decisions, where's my money from the government?
   
2. On bailing out the American auto industry: if we did that, then there would have to be some fundamental changes to what they do. The auto industry would have to start turning out significantly more fuel-efficient autos, producing autos that don't need gasoline to run, make contributions to transit systems, etc. For instance, 50% of cars sold would have to be powered by alternate fuels (hydrogen, CNG, solar, electric, etc., but not ethanol) and those that are still gas-powered, the average city fuel economy should be 35mpg.
   
3. Whatever the government does, there would have to be strict standards. You want money? Then you have to do these things.
   

Like I said, these had to be quick. More later.

Cheers-
Edward Jensen