Heckuva job

All those southern Senate Republicans, explaining in their oily drawls that they won't bailout Detroit unless UAW workers earn wages similar to those paid to workers of foreign car companies that happen to make cars in their states, really are doing their German and Japanese overlords a helluva favor it appears:

Shares in European automakers plunged, after similar declines in Asia. In Europe, shares in the French auto giant Renault were down 7.2 percent while Volkswagen, the German carmaker, was down a more modest 0.7 percent.

Shares in Toyota Motor and Nissan fell more than 10 percent and Honda plunged 13.4 percent, while Hyundai in South Korea was 7.7 percent lower. Asian automakers have suffered along with their peers elsewhere from a dramatic decline in demand this year as the United States, Japan and many European countries slipped into recession.

Our descent into a Hobbesian future continues.