Eric Peters is a senior fellow at the National Center for Public Policy Research. He is the automotive columnist for America Online, Bottom Line Personal Finance and Army Times. He also is a frequent contributor to The American Spectator and is the author of "Automotive Atrocities: Cars We Love to Hate" (Motorbooks International, 2004).
He is a former editorial writer for the Washington Times and his work has appeared in the Wall Street Journal, Investors Business Daily, Houston Chronicle, National Review, Detroit Free Press and Detroit News.
By an amazing trifecta of bad luck, bad decision-making and bad public policy, the U.S. auto industry finds itself in a deep pit -- with no ladder in sight.
If the government decides to pass a law requiring that McDonalds sell only low-fat chicken breast wraps and diet soda, the result would be more business for Wendy's and Burger King -- and empty stores for McDonalds.