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Nationalize GM -- Or at Least Think About It With the U.S. government offering trillions of dollars in supports for the financial sector, it is startling to witness the casual way in which many policy makers and opinion leaders suggest the U.S. auto companies should be allowed to go bankrupt. In considerable part, this attitude reflects an anti-union and anti-blue collar animus. It also reflects the diminished economic power of what was formerly known as the Big Three (General Motors, Ford, Chrysler). Posted in bailout, Economy/Trade, financial crisis

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Nationalize GM -- Or at Least Think About It

With the U.S. government offering trillions of dollars in supports for the financial sector, it is startling to witness the casual way in which many policy makers and opinion leaders suggest the U.S. auto companies should be allowed to go bankrupt.

In considerable part, this attitude reflects an anti-union and anti-blue collar animus. It also reflects the diminished economic power of what was formerly known as the Big Three (General Motors, Ford, Chrysler).

Posted in bailout, Economy/Trade, financial crisis