Should Uncle Sam save General Motors, Ford and Chrysler from bankruptcy? In normal times, most mainstream economists (and many mainstream legislators) would probably say no. But with financial markets in turmoil and the economy on the cusp of a nasty recession, these are hardly normal times. In any event, Congress and President-elect Barack Obama are committed to spending billions to keep the Big Three afloat. Full Story »
Posted by Derek Hawkins
Good journalism in that this article remains fair and constant, without all the rancor currently associated about bailouts. The article asks: "Wouldn't it be nice to manage the task with maximum benefit to middle-income Americans. and minimal micromanagement by Washington?" My answer: never going to happen.
Getting personal: in the past 24 years i've owned 8 Cadillacs--with a new one scheduled this coming March. My opinion is that Americans make great cars tailored for America's geography. Cars that easily are equal or better than anything any other company produces.
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