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“Free-market” capitalists seem to be an endangered species in this bruising era of economic accountability. As the Big Three automakers loiter in the lobbies of the U.S. Congress and the Canadian Parliament, begging for handouts, everyone seems to be avoiding the question of why the taxpayer should have to prop up these losers.

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In anticipation of the Detroit Big 3 presentations to Congress on CAFE standards, the CEO of General Motors had this to say:

It looks like within the climate that's being experienced now, it's very likely there will be increases in CAFE," Rick Wagoner, General Motors Corp. chairman and chief executive, said Tuesday in Wilmington, Del. "I think our concern is, let's make sure that we also fix the real problems while we're doing that."

H/T: Prometheus