he 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
- Why are so many elderly Asians killing themselves?
- Why I'm sick and tired of seeing naked women on HBO
- Why ABC threw its Bachelor under the bus
- Here's how Iran is covering Russia's invasion of Crimea
- Why Ted Cruz is the real-life Frank Underwood
- Watch Zach Galifianakis get annoyed at President Obama on Between Two Ferns
- 4 easy ways to resolve life's toughest questions
- 22 TV shows to watch in 2014
- Why is American internet so slow?
- Who are the real gay marriage bigots?
Subscribe to the Week