Two Views on the "Bailout"

[Otto Puzzell]

Washington to Detroit: Drop Dead.

Posted on Tuesday, November 25, 2008
By Peter M. De Lorenzo

Detroit. The glee with which the Washington establishment - and every two-bit instant car "expert" who decided it was high time to weigh-in with his or her opinions - attacked Detroit and what's left of the U.S. car industry last week was a sight to behold. Everyone from chief knucklehead Michael Moore to Neil Young (Neil Young?) got on the "Detroit Deserves to Die" bandwagon, adding to the chaos with their naively-crafted pop logic musings and "finger-snap" solutions.

(read the rest here...) http://www.autoextremist.com/current/?currentPage=2

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At G.M., Innovation Sacrificed to Profits

By MICHELINE MAYNARD
Published: December 5, 2008

General Motors did not apologize for anything in its first trip to Congress more than two weeks ago to plead for a federal rescue. The company's only problem, it insisted, was the current financial crisis.

"What exposes us to failure now is not our product lineup, or our business plan, or our long-term strategy," Rick Wagoner, G.M.'s chief executive, said in his testimony. (read the rest here...) http://www.nytimes.com/2008/12/06/business/06motors.html