curiouscat

Better to Let Automakers Go Bankrupt

I agree. Mismanagement leads to failed businesses. That might not be nice or pretty but that is how things work. Here is a article my father wrote in 1986 about bailing out AMC - williamghunter.net/art... "American Motors is an old, weak fish with bad eyesight in a turbulent sea populated with aggressive, healthy predators. These predators are familiar - both foreign (Japanese and European) and domestic (General Motors and Ford). Some are new, unfamiliar breeds from such places as Korea.
I predict American Motors will stop making cars in Wisconsin in the near future, whether or not the state's money is used for a temporary propping-up operation." Obviously times have changed and GM is not an "aggressive, healthy predator" any longer.