Obama's auto fairy tale

The Chicago Tribune reports:

Saving two companies is not the same thing as saving the U.S. auto industry, which includes a host of other corporations that make cars here. Not only did the others get nothing; they were penalized for prospering. Having kept labor costs down and quality high, companies such as Toyota, Subaru and Honda lost many of the usual benefits of their achievement. Sales and profits they should have reaped, they didn't.

All the administration proved is that if you pump enough federal helium into a sinking business, you can keep it aloft for a while. By the administration's own estimate, taxpayers will lose $25 billion on the deal.