As chances for an auto industry bailout diminish in Washington, David Brooks writes about why such a bailout would be harmful. Charles Krauthammer agrees.

Jonathan Cohn makes the contrary argument, which is that it would be far more expensive for the country to allow General Motors to fail.

But, if GM is too big to fail, who else deserves such help? Are we not headed down the road to a command economy? Will that not lead to years of economic stagnation?

Paul Krugman writes about "Depression Economics".

Peter Beinart writes about the new Liberal order which is taking hold with the election of Obama and the consolidation of Democratic control of Congress.