Bankruptcies are necessary to weed out uncompeititive, overpriced, inferior products and make room for new lean, robust, thriving competition. When a company goes out of business, it creates a vacuum that will be filled by competitors, new start-up companies or new innovation that will change or modernize the entire industry. Similarly a forest must endure forest fires to remove the dead wood, disease and overcrowding in the woods in order to give new healthy saplings space, opportunity and nutrients to thrive and prosper. Nature abhors a vacuum. Although people will lose jobs due to the bankruptcy, new opportunities will be created that will fill the economic vacuum that the bankruptcy created. Bankruptcies are good and necessary for a thriving economy. Conversely, bail-outs are harmful to the economy. The federal bail-outs of the financial and automotive industries will only lead to less competition, higher prices, lower quality, more corruption and less innovative goods and services.