Here’s an amusing attempt to explain what is wrong with the bailout in story form…

Dad: “…The government is bailing out U.S. automakers because it doesn?t want to put a lot more folks out of work at a time when the unemployment rate is already soaring. And because the U.S. needs its domestic auto industry.?

Junior: ?Why? KB Toys is going out of business, and you and Mom still bought me toys for Christmas. I know I?m not supposed to know, but I peeked in Mom?s closet.?

From Caroline Baum via Bloomberg.