The Peak Oil Crisis: The Great December Bailout

So what do we do with Detroit? As now seems likely, its future course will be increasingly controlled by the federal government. Currently the plan is for this control to be exercised by an auto czar tasked with making sure that the multi-billion government loans are not used to pay for excessive executive compensation or dividends on worthless stock, and that the companies move expeditiously to “restructure” so they will not become permanent wards of the state. It is only a matter of time however that, no matter how well intentioned, the government’s involvement in “restructuring” expands to corporate decisions about what to make and how to make it