Holman Jenkins, yesterday's Wall Street Journal:
When the L.A. Times wrote [nearly 25 years ago], the labor cost differential versus a Japanese plant was about $2,000 per car. Twenty years later, the cost difference was about $2,000 per car. Today's lament is, "The bankers have benefited from a bailout, so why shouldn't auto workers?" But they have, they have -- for decades. For the business model described above could not possibly have survived otherwise.
The U.S. auto industry sounds so very Atlas Shrugged: one government "fix" leads to another which leads to another, and pretty soon you have a big, intractable mess.