It's not just the Big 3 that are in trouble.
The Japanese car makers are saying that things are getting worse on a daily basis.
Jaguar and Land Rover, which are both owned by Tata Motors of India, are seeking loans or a bailout from the British government.
Sweden has bailed out Saab and Volvo.
It has been clear from the start that the main reason that the world's economy has been sliding downhill is because the U.S. economy started deteriorating. It is still true that when the American economy sneezes, the world's economy catches cold.
If the economy of the U.S. and yes, of the world, is to be fixed, we are going to have to take the lead in fixing it. That will never happen as long as Sen. Reid allows the party of Hoover to strangle every initiative to fix the economy.
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