Quote Of The Day

“I don’t see any reason to think that $25 billion would actually turn these firms around or even forestall collapse for very long. The car industry in general is in a big slump, and these companies in particular have been on a downward trajectory for a long time. You could buy General Motors for $1.75 billion or Ford for $4.11 billion. Asking for loans that are many times the total value of the enterprise seems to me like a mark of a very, very unsound underlying enterprise.” — Matthew Yglesias

1 Response to “Quote Of The Day”

  • I agree… why not just give the $ to the employees and let this failing enterprises fail? The competition would move in and re-tool these factories, and we could get on with having better cars on the road.

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