Failure a Fine Option for Gm and Chrysler ; Those Who Think an Auto Industry Rescue Will Facilitate a Greener Future Should Think Again.
Portland Press Herald › April 29, 2009
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Summary
If the financial sector has a meltdown, that's an economic crisis that the government shouldn't let happen. If, however, the automobile industry tanks, that's a political disaster that most Americans will survive just fine.
To fully appreciate the absurdity reached in attempts to bail out the auto industry, one need only look at the eye-popping plan for General Motors' recovery floated on Monday.See the full content of this document
Extract
Failure a Fine Option for Gm and Chrysler ; Those Who Think an Auto Industry Rescue Will Facilitate a Greener Future Should Think Again.
To stave off bankruptcy, the automaker would sell half its stock to the government for $10 billion in cash...
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