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Detroit Bailout

Things are not looking good on the bailout front for GM, Chrysler, and Ford. Economist Paul Krugman argues that we should put aside gripes about private jets and multi-million-dollar CEO pay because a $25B “bridge loan” to Detroit would protect 1-3 million jobs. Twenty-four-year-old Lennon just got a degree in philosophy and now works for Social Security. He vlogs with beer-fuelled attitude, and he disagrees that a straight-up bailout is the way to go. He’s got his own proposal:

Lennon says he has “no stake in politics beyond your average American” but “just happen[s] to get angry about it more than the average American.”