I'm reading about the car manufacturer

bailout and thinking about the past 26 years. Why are the domestic companies bankrupt while the foreign ones are not? I think it boils down to a social contract that was made with employees as opposed to the foreign firms and newer entrants that have no labor contract. No union=growth, expansion, and a strong franchise. We as the consumer liked that, since our products were cheap but we were in fact feeding off ourselves. When labor increased at the non-union shops, manufacturers went overseas, and we fed off ourselves with ever increasing debt loads. Someone told me that it used to be punishable by a beating to drive a Honda to work at a domestic auto plant. Unfortunately, that's what it takes to have a community with the same rules being played by everyone. What has occured, as has always occured, was wealth distribution. We have ourselves to blame as well as our leaders.

If this is our reckoning for what has occured since Reagan was in office (probably more likely since Nixon or LBJ) then we should be happy that this washout is happening rapidly. And remember what the Psalms say "the wicked grow like weeds, so they can be cut down." What remains of the past 26 years will make us stronger and create a thriving atmosphere for the next 26 years.