Argument: Auto bankruptcy during economic crisis would be devastating

Issue Report: Bailout of US automakers


Robert J. Samuelson. “How to Bail Out General Motors”. Newsweek. 15 Nov. 2008 – “In a booming economy, a GM bankruptcy might be tolerable and useful. It would remind everyone of the social costs of mediocre management and overpriced unionized labor. But far from booming, the economy is declining at an apparently accelerating rate. Confidence among small businesses has dropped to a 28-year low, according to a survey released last week by the National Federation of Independent Business.”