George Will answers the question about what to do about the Big Three Auto companies:
The answer? Do nothing that will delay bankrupt companies from filing for bankruptcy protection, so that improvident labor contracts can be unraveled, allowing the companies to try to devise plausible business models. Instead, advocates of a "rescue" propose extending to Detroit the government's business model for the nation -- redistributing wealth from the successful to the failed, an implausible formula for prosperity.
It makes sense, as does the opposite case that Jeffrey Sachs makes here. I'm glad I don't have to make that decision.
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