Panic in Detroit

Cohn, Jonathan
December 2008
New Republic;12/3/2008, Vol. 239 Issue 10, p16
The article discusses the bailout proposal being planned for the U.S. automobile industry and considers the economic ramification for the U.S. if the automobile companies declare bankruptcy. The author concedes claims made by the faction that supports bankruptcy, and admits that the automobile industry deserves criticism, but feels a bailout with significant conditions attached may be the better option for the U.S.


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