« The Kashmir Option |
Main
| Best. Porn. Intro. Ever. »
12 Nov 2008 10:48 am
Let Them Die?, Ctd.
Megan weighs in:
GM can't be saved. It needs to go into bankruptcy, which is the only possible way I can see to adjust its legacy labor problems, and possibly provide sufficient shock to the corporate culture to allow the company to make a competent car. Even that may not work. And it's going to involve a whole bunch of pain for everyone.
But unless we're willing to essentially nationalize three auto companies, that pain is going to come, sooner or later. And if we want to keep auto workers from feeling pain, then we should just up and give them money. There's no reason to waste steel on a lot of crappy cars.
Man, I hope Pelosi doesn't get her way. Tom Friedman's column made a valiant effort to make the case for a bailout, but I don't see one. Haven't I given up enough of my income to incompetent capitalists?
Share This
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c45669e2010535e76f40970b
Listed below are links to weblogs that reference 'Let Them Die?, Ctd.'
Bankruptcy Not Bailout (Updated)
Excerpt: This morning Thomas Friedman rails against the domestic auto industry and, as usual, hes half right:
How could these companies be so bad for so long? Clearly the combination of a very un-innovative business culture, visionless management and ove...
Weblog: The Glittering Eye
Tracked: Nov 12, 2008 11:25:59 AM
