While Detroit Slept

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This is an opinion item.

Author(s) Thomas Friedman
Source The New York Times
Date December 10, 2008
URL http://www.nytimes.com/2008/12/10/opinion/10friedman.html?_r=1&hp
Quote
Quotes-start.png "...our bailout of Detroit will be remembered as the equivalent of pouring billions of dollars of taxpayer money into the mail-order-catalogue business on the eve of the birth of eBay. It will be remembered as pouring billions of dollars into the CD music business on the eve of the birth of the iPod and iTunes. It will be remembered as pouring billions of dollars into a book-store chain on the eve of the birth of Amazon.com and the Kindle. It will be remembered as pouring billions of dollars into improving typewriters on the eve of the birth of the PC and the Internet." Quotes-end.png


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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.