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House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid have a plan to save the "Big Three" American automobile companies. They should read "The Reckoning" by David Halberstam, which remains the definitive obituary of the American automobile industry. It was written almost a quarter century ago.

The notion that the "Big Three" can be "saved" or "rescued" is delusional. The notion that Nancy Pelosi and Harry Reid can lead such an effort to success is insane.