Harvard economist Jeffrey Miron on how your government effed it all up and how it is continuing to eff it up:

In 2007, General Motors and Toyota both sold the same number of automobiles, about 9.37 million each. But while Toyota’s net profit was about $14 billion, GM lost a jaw-dropping $39 billion. $39….b-b-b-billion! Many are asking the question – does GM need a government bailout, excuse me, a “bridge loan”, to keep it from failing? I disagree with the premise of this question – GM has already failed. Miserably.