American Elephants


Should We Bail Out the Automobile Companies? by The Elephant's Child

Detroit cannot make cars at a price the market will bear.

The only question is whether we want to kick the problem down the road, or confront it now.  As long as they cannot make cars at a price that people will pay, they will not have a functional business.  Do we think they should go bankrupt now? Do we think they should go bankrupt later? How often do we intend to bail them out?




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