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A first test for the New Industrial Policy - not so much of a bailout of a failing industry, as an opportunity to redirect a core industry to produce vehicles which reduce foreign oil imports and emissions while saving lots of jobs. Pretty compelling in dire economic times with new political leadership which doesn't particularly believe in free market capitalism. The challenge for the conservatives is to articulate why this shouldn't be the first (after banking) of many.
Nov 09 10:58 am
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All Comments by bbowen7 »Slamming the Brakes on GM - Barron's [View article]