Monday, November 17, 2008

Auto-Maker Bail-Out

Just my two cents on the issue: if the US government offers a bailout to Detroit, it should come with conditions on fuel-efficiency and environment. Some people will suggest this will harm their competitiveness… Well, how competitive can they be when they’re completely bust? Even without these conditions they’re not exactly booming, so it’s a terrible excuse.

Most loans come with conditions, these are not terrible ones.

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