Friday, November 14, 2008

Sold

via TPM, an auto industry collapse could cost the US govt. as much as $200 billion in unemployment benefits and ancilliary costs. So a bailout seems like the prudent path.

See, I'm not unreasonable....
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3 comments:

Liam said...
This comment has been removed by the author.
November 18, 2008 9:29 PM
Liam said...

Assuming the bail out transforms the American auto industry and makes them profitable for years to come then I'm all for it. However, at the rate they're burning through cash (15 billion in the 3rd quarter) it seems to me that a bail out will just be a temporary fix.

http://www.economist.com/opinion/displaystory.cfm?story_id=12601932

November 18, 2008 9:31 PM
Mike said...

I say let them die and get out of the way so Zenn can step in and fill the void.

November 19, 2008 11:20 AM

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