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Argument: Unexpected oil prices share blame for auto failures

Issue Report: Bailout of US automakers

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Kate McLeod. “Help Detroit!”. Wow O Wow. 2 Dec. 2008 – “It is easy to list the lame decisions that brought Detroit to its knees […] True, they did this to themselves, but not entirely. Others can share the blame[…]Detroit didn’t cause the high gas prices, the subprime-mortgage mess or the stock-market collapse. All those led to the collapse of the auto business. Greedy Wall Streeters and bankers and a government that shut its eyes caused the problem. Detroit is paying the price for their mistakes.”