The hardest question about bailing out the domestic auto industry — ie., yes or no — has already been answered. But, the biggest problem about this undertaking is only now beginning to get some credible attention. And, this column in the Wall Street Journal is the most comprehensive analysis I've yet seen of the federal effort being mounted to "save" GM and Chrysler.

… To become "viable," as Congress chooses crazily to understand the term, the Big Three are setting out to squander billions on products that will have to be dumped on consumers at a loss.