The only way to save General Motors is to let it go bankrupt, said Michael E. Levine in The Wall Street Journal. It has too many dealerships and too many brands to survive, and if the government keeps it on life support it "won't change fast enough."
We all share the blame for the SUV-era, said Jeffrey D. Sachs in The Washington Post. So punishing the auto industry by letting it crumble is pointless, especially since it could "destroy the U.S. economy in the process." Instead, "we should fix the industry with a sense of national responsibility and purpose."
It's ludicrous to suggest that GM, Ford, and Chrysler are poised for a turnaround "if only we keep them afloat a while longer," said John Hinderaker in Power Line. The companies are losing so much money they're essentially worthless. The only thing that will be saved if the government steps in will be the United Auto Workers, "otherwise slated for extinction."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Secret Service stretched mission to protect employee, report finds
- Syrian women know how to defeat ISIS
- 10 things you need to know today: October 22, 2014
- The one thing the New Atheists get right about religion
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- How to make corn dogs
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- Will Kobani be ISIS's Waterloo?
- The U.S. Marines are developing laser weapons. Here's why.
Subscribe to the Week