No Bailout For Detroit

Poltenson, Norman
November 2008
Business Journal (Central New York);11/21/2008, Vol. 22 Issue 47, p24
The author reflects on the government intervention seeking by automobile giants in Detroit, Michigan. He argues if the government bailout of $50 billion, under U.S. President-elect Barack Obama administration, can save the industry. He suggests that the only way to restore innovation and success to auto industry is to let it produce vehicles customers want to buy at a cost that would generate a profit.


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