More on a bailout for the automobile industry
Ezra Klein summarizes some key points from Jon Cohn's article on GM. And here are pro and con arguments for letting GM file for bankruptcy.
A couple of years ago I posted about a couple of articles that looked at the decisions decades ago that have contributed to GM's sorry state today.
Re-organization is clearly required at GM (and other U.S. auto makers). But I lean toward a non-bankruptcy solution, albeit one that is entirely pragmatic and devoid of romanticism. We need to invest in our automobile industry not because of its past but because our future depends on it.
A couple of years ago I posted about a couple of articles that looked at the decisions decades ago that have contributed to GM's sorry state today.
Re-organization is clearly required at GM (and other U.S. auto makers). But I lean toward a non-bankruptcy solution, albeit one that is entirely pragmatic and devoid of romanticism. We need to invest in our automobile industry not because of its past but because our future depends on it.
Labels: climate change, economy, energy, history
posted by michael at 11:45 AM
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