Labor Notes’ Mark Brenner on KCRW - To the Point

Posted in Uncategorized, auto industry, bailout, economic crisis by labornotes on March 31st, 2009

If the car companies are too big to fail, too poorly run to put right, it’s time to take them over. But Obama made a point of ruling out a takeover in his March 30 speech, saying that the government doesn’t want to run the companies. If they can’t present turnaround plans that restore them to profitability, he prefers bankruptcy—which, without significant alterations, will be a disaster for wide swaths of the Midwest. Listen to Mark Brenner discuss these issues on Warren Olney's "To the Point" on KCRW.