Bailing Out a Car Wreck

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This is an opinion item.

Author(s) New York Post editorial board
Source New York Post
Date November 19, 2008
Quotes-start.png "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." 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.