Big Three Should Stand On Their Own Feet

Do the executives of the Big Three automobile manufacturers think we're stupid? "The societal costs [of the loss of General Motors, Ford or Chrysler] would be catastrophic -- three million jobs lost within the first year," said GM chief Rick Wagoner during last week's congressional hearing. Fortunately, Congress didn't fall for it -- yet. But next month or next year is another story. President-elect Obama is sympathetic to a bailout. The auto heads tried to pin their problems on the...Full Story
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