Bailing Out a Car Wreck

This is an opinion item.

Author(s)	New York Post editorial board
Source	New York Post
Date	November 19, 2008
URL	http://www.nypost.com/seven/11192008/postopinion/editorials/bailing_out_a_car_wreck_139457.htm
Quote	"Lavish contracts granted to the United Auto Workers, for instance, put GM on the hook for more than $70 an hour per worker. And the companies face unsustainable obligations to vendors, bondholders, dealers, governments and (especially) retirees... plus another 8,000 employees who get paid not to work. A free-cash bailout does nothing to deal with these issues - meaning the car-makers are certain to come crawling back to the public trough as soon as the $25 billion runs out."

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This item argues against the position United States should bail out the automobile industry on the topic Economic crisis of 2008.