Both Romney and McCain have it wrong

Who is right? Should government provide $100 billion to the auto industry as Romney proposes? Should they spend money retraining people to work in "green" industries as McCain proposes? Romney justifies his because of government mandates placed on the industry. What about opposing the government MPG regulations to begin with? Howard Kurtz discusses the quibbling between the Romney and McCain camps here:

Steve Schmidt, a top McCain strategist, attributed yesterday's loss to "Mitt Romney's pandering up in Michigan" by promising what Schmidt called a "$100-billion bailout of the auto industry...Mitt Romney should explain to the rest of the country how he's going to pay for it."

While Romney has proposed a five-year, $20-billion-a-year effort to revitalize the ailing auto industry, the Arizona senator has emphasized worker retraining and research into green technologies. Schmidt would not put a price tag on that but minimized the retraining plan as a consolidation of existing programs.

Here is a suggestion: why have the government pick which industries should be subsidized?

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