Friday, November 14, 2008
Redeeming his faltering credibility as a voice of reason within the conservative movement, David Brooks puts forward a fine summary of why the American auto industry should be allowed to fail. The notion that if one or all of them declares bankruptcy, the whole industry will fail, is flawed. Bankruptcy may be the ONLY way to save these companies from themselves. With bankruptcy will come protection from creditors, the freedom to break labor contracts, and best of all, new management.
Posted by The Conservative Wahoo at 11/14/2008