Welfare for Detroit

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This is an opinion item.

Author(s) The Washington Post editorial board
Source The Washington Post
Date October 27, 2008
URL http://www.washingtonpost.com/wp-dyn/content/article/2008/10/26/AR2008102601774.html
Quote
Quotes-start.png "It's one thing to bail out the financial sector, whose product -- credit -- is essentially fungible and on which all other businesses depend. Automobiles, however, are not interchangeable, and Congress can't substitute its specific technological and aesthetic preferences for those of the market. What if we lend Detroit $25 billion and still nobody buys its cars?" 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.